I did not get the update signal from the store so I thought maybe you got a special link from the developer. I just recently got the update from the store. So we are good ; )
I like the update! The addition of being able to open certain settings inside the app is good - making it even more like a "hub" of info and access. Going forward there is a lot that can be done and elaborated on in this app.
There are numerous apps that show the time in different locations (World Clock, WorldTime, Earth Time...) but their live tiles are kinda useless because they don't update the time every minute. If Microsoft does let an app like TimeMe have OEM access then plenty of other apps could benefit from having that access as well.
If Nokia or Microsoft develop their own app to show a large clock then it would be great if it had the option to have multiple tiles to show multiple time zones.
I have recently released a new version (v1.9.1.0) with new features such as:
A new word based flip live tile, Daily Bing wallpaper and week numbers support.
You can as usually download it from the project page here: Arnold Vink's Projects
and there is now also a new easy and free method to developer unlock your phone so you can use the one minute side load version on your phone by following those steps: Arnold Vink's Forums
When you are walking into any problems or bugs you can goto the support forums on: Arnold Vink's Forums so I can try to help you out and get everything working.
The app, as of August 2014, seems like it updates the time when it wants to. Unfortunate, but it still looks and sometimes work great. Weather, location, and temp do update every half hour though, which is fine.
Lumia Icon 8.1.