Battery life is most definitely worse. Not hugely so, but definitely noticeably and measurably - Over the course of several multi-hour tests and two, 24 hour tests, battery life (for me) is right around 23% worse, +/- std deviation of 5.6%.
That being said, I explored around in the phone and its settings and came up with a couple observations:
All the things you previously disabled for better battery life, have automagically become re-enabled with the update - Gtalk auto sign in, calendar and contact syncing, full stocks/weather/FB/etc syncing like gangbusters. Its wise to go back through any "battery optimization" process you did before and re-do it, step by step to make sure you're not forgetting anything - the running processes and system configuration is, for the most part, just like it was when you brought your EVO home the first day.
Those of you noticing better performance -
Its true (obviously - and any benchmark and real world use will tell you so) but even with the optimizations and JIT compiler additions this is at the expense of higher battery use. -System Panel shows a consistent higher average processor use and clocking. Whereas under 2.1, if just left to its own devices, the phone would stabilize at a minimal power use (but awake and active) state of about 5 - 12% processor usage and clocking would bounce around a little between 245 MHz and 425 MHz, with an occasional spike up into the low 600's. Now, with 2.2 under the same conditions, processor usage averages around 10% with 7% to 17% as the highs and lows. Processor clocking is through the roof - I haven't seen it drop below 600 MHz yet; average hovers in the low 700 MHz area bounded by highs and lows from 650 MHz to 810 Mhz, with spikes up into the 900's. BTW, I made all these measurements *after* re-doing all my battery saving tweaks and rebooting.
Higher Partial Wake Lock states. I'm not quite sure what it is yet, but my guess is, whatever is making more use of the processor is also holding the phone in a partial wake lock state longer and more often. The culprit shows up as "Android System" so it could be nearly anything from the system itself to some other app keeping requests open for system resources - more investigation is needed.
All (or most) of the above observations could be very system specific, being different based on cell signal strength, wifi, apps, other settings, etc. so its not surprising that some people seem to be seeing better, worse, and the same battery usage - sometimes all at the same time.
Jim