Not OTA. Download the KDZ file from the XDA link on my earlier post to flash it manually.
That said, I'm so so glad LG did pay attention to this real 2014 phablet flagship! We actually received Lollipop faster than Samsung Note 4! WOW.
For the past few hours, lollipop has been running smoothly on my GPro2.
Can't comment on battery SOT and standby at this moment.
I was quite sceptical about Android 5 due to compulsory ART. Tried ART on Kitkat and apps open slower than in DALVIK. I'm happy to say now that opening apps on android 5.0.1 is as as fast as 4.4.2..
Recent app now do not take more than a second to open and runs smoothly as my Nexus 5 stock android which is an achievement!
At this point in time, is 5.0.1 a worthy upgrade? Definitely YES.
Reason, the entire UI has been updated, despite what others say, Android Lollipop is gorgeous! This is indeed what many GPro2 user is looking forward to. Even battery charging screen when phone is switched off looked different.
I would had wished the 'option' button were still part of OSB however, you can still access it by pressing and hold recent app.
Honestly, I'm not expecting OTA or cable update to reached Singapore till March / April thus, just proceed to the XDA link below to download the original KDZ file before it is been deleted.
Cheers!