I updated a few hours ago and have gone on appointments in different types of buildings. I have Mobile Me, Exchange and POP3 emails.
Here is what I found:
1. For an hour or so it was unstable. Email was erratic if working at all. I was testing by sending messages between my services from a computer. I was wondering if this was some kind of joke and I should restore to 2.0.2.
2. After an hour things stabilized and began to work smoothly. That might have been due to all of the 3G activity while everyone was updating this morning.
3. The five bars seems to be a default until you actually try to make a call, receive email or use the internet. Nice mind trick - Apple! Then the actual signal is reflected in the bars going from five bars to two or one or going down to Edge.
4. The 3G drops down to Edge when there is a reception issue, or in my case whenever I walked into a building. That is better than 3G dropping off completely. Good improvement. I still received and sent emails.
5. Contacts and email keyboard all seem to have the same lag time. I have over 2,000 contacts.
6. My email used to stall out during the afternoon which made me power off/on or hold the home button for 10 seconds to clear the buffer. That problem appears to be gone.
My verdict - small improvement. It should have been called 2.0.3.
Better than before.