SpookDroid
Ambassador
Some apps will react differently to different versions of the OS. So, even though the only thing that changed was the OS, some apps may be behaving very differently. In fact, some apps no longer work at all under KitKat.
The solution is simple, but arduous. Do a factory reset. Install no apps. Is battery time ok? If so, then it's not the OS. Install a new app. Is battery ok? If so, repeat until the bad app. I did this once on an earlier version of Android and found that Shazaam was a battery hog. Surprised me.
Battery time is not the problem, at least in my case, it greatly improved after the update (although, like you say, if CPU load was lightened, it would be even better!). And like geoff said, when I updated I did so with a clean install, so I know that only stock apps are still causing the tablet to get warmer than before the update. So, the update made something change. But since I got better battery life, I'm willing to live with that.
PS: If an app 'misbehaves' with an OS update, it's not the app's fault entirely, it's still the update. Yes, the app needs to be updated, but only so because something changed in the OS and the way things were being done before.