I did try a browser, email, etc. and all worked well. I'll try again later (let's see if I can wait more than 5 minutes!).
UPDATE: Nothing had changed, it seemed frozen, so I rebooted my phone but that didn't help. I waited another few minutes but the watch was frozen so I rebooted that, too.
This time, I got the Downloading/Estimating time screen on the phone, but after waiting 30 minutes, that was frozen too. Finally I called Apple. She had me reboot the watch again, and it booted fine, still in 5.0.1, so i decided to leave it there for the time being. I've had enough excitement for one day.
Update2: I got tired of looking at that red badge on the Apple Watch app on my phone, but when I checked it, it said "Preparing..." and was halfway through the progress bar, even though I'd been wearing the watch since I got off the phone with Apple. I put it back on the charger, left it there, and it finally updated successfully.
UPDATE: Nothing had changed, it seemed frozen, so I rebooted my phone but that didn't help. I waited another few minutes but the watch was frozen so I rebooted that, too.
This time, I got the Downloading/Estimating time screen on the phone, but after waiting 30 minutes, that was frozen too. Finally I called Apple. She had me reboot the watch again, and it booted fine, still in 5.0.1, so i decided to leave it there for the time being. I've had enough excitement for one day.
Update2: I got tired of looking at that red badge on the Apple Watch app on my phone, but when I checked it, it said "Preparing..." and was halfway through the progress bar, even though I'd been wearing the watch since I got off the phone with Apple. I put it back on the charger, left it there, and it finally updated successfully.
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