Received the Notification today and downloaded Lollipop 5.0.1 .. only took about 15 minutes on WiFi.
Didn't do anything but download and let it run its course and running fine without any issues that I can see.
Yeah a lot of things changed but IMO most are visual which is subjective and some are counter productive.
It's like change for the sake of change especially when some of those changes still do the same thing only you have to go to a different place to do it.
Colors are subjective but I find the new colors are way out of whack, at least for me.
I don't see any place to customize colors which I'll never understand considering all the advancements in this Technology.
How hard is it to give us some visual customizing options ?
Unless I've missed it, One thing I can't find is being able to Customize the Lock Screen with Widgets like I could Before the update.
For whatever reason, mine has the Time, my Weather App and my Lux App on the Lock Screen, but can't remove them, or modify.
Aside from adding or removing quick access Phone and Camera Icons and the Clock or Personal Message, can't do anything else to the Lock Screen.
Did they do away with customizing the Lock Screen or am I missing something

Update: just realized my Weather App and Lux App are covering my Personal Message and can't do anything about it.