Going by my experience, yours and some of the tentative stuff on the hidden VM forum it seems like this upgrade probably isn't. Still, I'm glad to be part of the testing now so I can have at the bridge mode version later.
---------- Post added at 20:17 ---------- Previous post was at 19:15 ----------
Nope, this thing is still junk. IP flood/firewall improved, pretty much everything else annoying including reboots after every static DHCP lease added are still there. Wireless still drops and disappears out on LAN transfers, and even when it works is notably slower than my DIR-615 running DD-WRT r14929. Couldn't even manage a 3.1GB DVD VOB file (an old disc from 1995 when average bitrate was lower).
Written my first report on VM's hidden firmware test forum. Hopefully I can help get this thing half-decent... if they listen to me and the other folks pointing out the issues, that is.