Below my experience with this "update" I have a 2017 iMac with a 1TB SSD and 32GB RAM :
- HD was backed up to an external drive using Carbon Copy Cloner (this creates a clone of the main drive). A Backup of the main drive is key to preserve the main drive's data (see more on the importance of this below).
- Attempted a normal update to 11.2 using System Preferences: Software Update this resulted in a software download error.
- Booted to Safe Mode (Shift S while booting) and tried the update again via System Preferences:Software Update that resulted in the same error.
- Booted to Recovery Mode (Command R while booting) and chooses Instal MacOS. T his resulted in an error at the end if the installation process. This also rendered the drive unusable; Drive would boot to a System error.
- Booted to Recovery Mode, ran Disk Utilities: First Aid and again tried to install the OS with the same error at the end of the instal process.
- The following solved the issue:
a). Booted from the backup external drive (clone).
b). Launched disk First Aid and eased the main drive.
c). Downloaded Big Sur from the App Store (this places the OS installer in the Applications folder that, if you want, you can copy or move before the installation process is completed).
d). Installed the OS (using the App Store Download).
e). After a successful install, used Migration Assistant to transfer the data from the backup drive to the main drive.
My first Mac was a 512Ke and I have NEVER seen a worst update process than with the original Big Sur and its "updates." The initial Big Sur installation was basically the same fiasco, this time with Apple Support on the line - me talking to “senior advisors”. If Jobs were alive today he’d fire them all (and I’m not kidding).