I'd expect those sitting at November delivery to see movement in the next 2-3 weeks. They will catch up with orders. Always is this way with Apple Watch releases. What's telling is that all Aluminum and mostly all Stainless are in stock in many stores already.
I'd venture to suggest that there are substantially fewer single-generation upgraders this time around. S3->S4 was a pretty potent package, with the increased CPU and larger display. S4->S5 is still an upgrade, but not nearly as compelling of one for many people.
I remember looking for in-store stock of SBSS last year in first week of october and it was tough to come by. Had to jump on one when you saw it. This year though? In my metro area I have yet to see SBSS not in stock every time I look.
All the stores in my area have no SS stock for pickup, at least that's what my Apple store app says. North NJ/NYC. Definitely no Ti, although Garden State Plaza did have a few Ti ones on release day.