I had the update done on my Volt #2389 and have had no problems whatsoever, and I have put 2,305 miles on since, including separate trips to Arkansas and Chicago. The update is subtle, somewhat like a Microsoft security update. The dealer said 7 modules were re-programmed. Other than the delayed charging not being delayed, nobody has mentioned specific problems. I use delayed 240 volt charging and have not seen that problem. Could it be that your estimated start time was before the charge would be complete, so it started charging earlier? (Option is something like charge based on rate and drive time).
You trusted GM enough to buy the Volt, why wouldn't you trust their update based on a year of engineering experience? (It's not some small software company putting out a new version). I think it's commendable that the update did not include "mission creep"; changes wanted that would not be documented in the owner's manual. And for those of you who want to turn the radio completely off (it would be in violation of Federal Vehicle Safety Standards because the radio is used for the turn signal sound and various chime warnings), they could have done something that made the radio look like it was off, but it would still be consuming power. (Do you guys also unplug your toasters when they are not being used??)
Yes, I had to reset the time, radio resets and some vehicle configuration options, but no big deal doing that.