I ran the EFI update. My MP had been sleeping and waking properly before the update. After the update I was downloading a large slow file and I left the MP for about an hour. On return, I expected the display to be sleeping, as I had its timing set to 5 min of inactivity. The display wasn't sleeping, as before the update it would have been. I'll try the power reset again and see if my automatic display sleep comes back.
Mine would not go to sleep on it's own. Turning off the printer seemed to solve my issue. (Interestingly, Apple says to turn off "printer sharing" but that had no effect either way).