Nope..... the phone still keeps on going, showing maybe 12 hours before next charge (Lumia 925 with Black update).
When I first got the phone in December I was a little worried by the fast apparent draining of the battery, and kept on topping it up. Having read in some other parts of this forum about proper battery usage, i tried it...... let it discharge right down. Then fully charge. Let it then discharge all the way down again, and then recharge - repeat three or four times. This has worked for me; my battery will keep on going for 36 to 48 hours without needing recharging, and that's using it normally, and using the camera!
If the battery is 'trained' in such a way when the phone is first used, then battery life soon becomes a secondary concern. Thus, no need for a constant % display. If MS decide to implement that as an option in WP8.1, then that's fine - it's there if want it
what you are doing isn't it only true for NiCd batteries as they have memory and not Li ion in our phones? I know you are suppposed to completely drain it once a month to calibrate it.