Same here. As soon as it finished updating, i had it connect to the house wifi, and instantly I was getting notifications over the net from my phone, which was at the other end of the house outside of bluetooth range. Pretty sweet.
This is an awesome update. I've been using my updated Moto 360 for 3 days now and my battery life is great. I went on 2 days without charging. My settings are brightness boost off, brightness auto, wrist gestures off, ambient screen off, notifications set to all.