First, the update is working fine for me, I have a number of mods, and they were reset with no issues. Second, apparently, unlike many I understand and appreciate the concept of beta, it is why I am here. I enjoy testing new things and seeing if and how they work, but the rule I learned long ago, and it works fine here, always have a good back up and clean Skyrim save. There have been a number of mods that either did not work for me or I didn't like, so I back track, make notes, and move on. There are a lot of cool looking mods here and I can see where some may be like a kid in a candy store, but know that not every single possible outcome can be anticipated, read the warnings, they are there for a reason. My hat is off to the folks at Nexus, I think you do a bang up job.
