I stopped being lazy and did a search, the link for the User Guide in PDF form can be found here:
KWL-User-Guide
The previously noted section now reads as:
Quote:
To edit your published eBook’s information:
1.Sign in to your Kobo Writing Life Account.
2.Click eBooks.
3.Click your eBook, underpublished.
4.Choose what you’d like to edit:
[...]
Change your book content:
Selecting this link will allow you to edit the content inside your eBook.
[...]
We can apply your changes within 24 hours. For our partner retailer stores, it takes longer before your changes come into effect.
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The new guide speaks of the author getting emails when updates to their books go live, not sure if that means purchasers will get them too.