I'm not sure if my issue was created by the update or not, but when I put it on the charger it recognizes it and puts up the charging screen for about 30 seconds. Then the watch face shows back up briefly, and the charging face comes back. Right after all this happens the light on the charging cradle goes out and the watch stops charging. However, the charging clock still gets displayed even though the watch isn't actually charging.
Other times you put it on the charger, and it charges like normal. It's very odd, but I cannot deal with it anymore because I'm tired of having to go days without my watch because it just won't charge. Then, randomly it will decide to charge for a couple days.