Hey folks, I just talked to Motorola tech support and thought I'd give it a shot in the dark and ask.
The guy told me that the Lollipop update for the Droid Turbo is scheduled for Dec 16-17. He said it after a brief pause - seemed to me like he was looking it up, as opposed to pulling an estimate out of thin air. That was a rather specific answer and up until now I haven't heard this anywhere at all. I did a double-take and asked again to be sure - yup, no joke! Who knows if he'll be right or not.
I actually signed up for these forums (after lurking for quite awhile) just to relay this. Don't shoot the messenger if turns out not to be true!
Can't wait!