Upgraded to 2.3.1 last night (Winnipeg, MB, Canada). Had a couple problems: it opened the book I was on to a different page than I actually was on and the device would not go to sleep through the power switch or the sleep cover. This morning I signed out of my Kobo account and then signed back in (as suggested earlier) and after quite a lengthy period of re-processing every book in my library, all seems well now.
Haven't had too much time to play with it, but I like the new home screen. I do wish they would roll out some of the new functionality for epubs & kepubs simultaneously.
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