Oh. What I meant by “my Watch is not even listed as a device” is in the Screen Time section. In that portion, you can see what devices are using the “Share Screen Time” function. I have an iPad, Mac, and iPhone that all show up as devices in the Screen Time portion. Prior to iOS 14, the Watch also shows up as a device that will display Screen Time use, etc. Now, the Watch doesn’t show up.
And yes, the Watch is updated to iOS 7.0.1
I can also confirm that my partner is experiencing the same issue. His Watch doesn’t show up as a device in Screen Time.
(Note: This is not about the device not showing up as a Bluetooth device. The Bluetooth connection is all fine. Phone and Watch are connected to each other.)