Update worked fine for me.
One thing I did notice on restart, when the progress bar stretches across on "Starting Mac OS X" it used to reach right across the screen and take 3-6 seconds. Now it gets to around 1/3rd across the screen and instantly loads into the desktop within 2 seconds.
I wonder if they've moved some of the startup sequence to occur after the desktop has loaded.
The explanation for this is:
The 'Starting Mac OS X' progress bar is faking it!
O RLY? YA, RLY!
Here's how it works. At that point in the boot process, OS X is loading kernel extensions and other low-level stuff. However, during this process it also creates a cache -- a streamlined, optimal way to load these modules. Ordinarily, the system will boot from this cache, but if any of those modules change, it needs to drop back to a standard (slow) load to rebuild the cache.
So, what's this got to do with the progress bar?
Well, since there's no set speed at which these modules can be loaded, the system records how long it took to load them during each boot. At the next boot, the progress bar simply grows based on how long the machine thinks it took to load them last boot.
Let's imagine your system's got an optimised cache and has booted a couple of times so it's got a pretty certain idea how long it takes to load that cache. The 'Starting OS X' screen will therefore disappear at just about the same time as the progress bar fills.
Then, you install an update which needs the cache to be rebuilt. The progress bar zips to the end (as it did when using the previous cache), but then the system hangs about as it's still loading the modules and rebuilding the cache. After this boot, the system records that it took ages to load up.
Next reboot, the system's using the newly-built cache, but the recorded time for the modules to load is still lengthy as it was recorded during an uncached load. The progress bar will only get part-way through before the Starting OS X window disappears.
Finally, on the next reboot, the cache and the time-to-load timer are synchronised and you're back to normal!
Neat, eh?