I guess I'm glad it's not an isolated incident, but this problem really *****.
I have a 3GS that until now has been working just fine over the previous OS.
I did my install Wednesday night (for which it took several hours and probably 30-40 attempts to even install iOS 5), and the battery life was fine overnight between then and most of yesterday. (During a shift at work, and through the evening with my other job)
Found out around 2AM that the battery had died when a friend told me they'd texted me and I hadn't heard it come in. Battery was dead, and plugging it into the Mac nor AC power would get it charging/booting without a hard reset.
These aren't the only problems I've been experiencing.
I've got programs crashing on launch, or crashing or closing themselves after a few minutes of idle or regular use (including Apple apps like iPod and SMS). I was in the car playing music and it would just stop playing things and reading texts and it would just close in front of me.
So, I charged the phone from nothing to 50% and went to bed. Between 3AM and 7AM, the phone had died, and I would have missed the alarm I set if I hadn't just happen wake up.
The only thing I can offer is that I had removed and reinstated the iCloud account on the device because it was first displaying two iCloud mailboxes after the update. Since doing this, these problems have occurred.