The short answer is yes. It should show you the total amount of the download in the progress bar as its downloading.
Thunderbolt Ho!
that is what I should have mentioned - the progress bar is what prompted me to ask. I thought that the update would only d/l just the updated data not the entire file.
does the system dump the unneeded data? It seems crazy to have say 50 apps totaling 1GB and having to d/l another 1GB to update them all.