Don't rush, it's a buggy disgrace. Battery drain, apps misbehaving, frequent Bluetooth disconnections, new features don't show up or work. Do they not test this stuff? No smartwatch manufacturer skins therefore no fragmentation...what is the excuse for this?! I was mostly happy with my Zenwatch before this...
OK first time to update since the initial setup on my watch. The android wear app on the phone updated Friday to 126.96.36.1990507. But no update has been pushed to the watch yet. So my question is that the updated phone app does not mean the watch was getting the update, the watch is a separate update altogether?
I did live chat with Asus tech support about this 5.0.1 update at the following site: http://www.service.asus.com/#!b2c2/c24v6
I was told Asus would look into it and issue an upgrade. Not very reassuring. BTW, my Moto 360 is working fine with the new Android Wear upgrade.
We all need to bombard Asus with complaints so that this problem is fixed.
Update: all is good. I reinstalled the ZenWatch Manager and battery life is back to normal.