Yes, you can now access the playlists via the "My Stations" section at the bottom of the podcast app. And you can create your "on the go" list.
Something I've now discovered that is really annoying is that if you have the setting for a podcast subscription "on" then it stops synching with itunes in the computer. The annoying part is that if you have everything on the computer it will still wait to download on your device. That's a little dumb and it seems like they could have the devices speak to each other and not duplicate tasks.
I'm a little baffled that Apple doesn't have people come to threads like this and announce important changes like this. It would take all of a minute and would be so much more convenient for the users than people having to figure it out themselves. One person on a team should be tasked to get the word out to various forums.