My Touch updated this morning. I've read for a good five hours today as I'm off work for the week. I haven't encountered the 'wrong book cover on sleep/powered off' bug, I've opened four or five books and each had the correct cover. I also haven't encountered the 'opening to the incorrect page' bug, although I didn't suffer from that too often anyway. It's also quicker and more responsive.
I don't use shelves or series link, so can't comment on how things are there.
It might take a while for bugs to become apparent, but at present I'm happy with this update.
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