I have tried these suggestions. Even restored completely from backup and eventually as completely new. The battery drain continues even with no 3rd party apps on the watch. The only exception is setting up the exchange calendar invites to an un-synced folder. I have routed mine to trash after they've been added to the calendar. This was not an issue prior to the update and I don't think and it would magically become a problem after the update just by coincidence. It would be a bit ridiculous to expect a change in workflow on my phone simply because of an iwatch update.
I have not gone through all the complications one at the time but I use weather, calendar, date, world time, alarm and timers with a couple of watch faces. All the stock ones. If these are causing the drain, then there is definitely a big problem, since, without them, there is no much purpose for the watch. For my part, I do not know how to remove a default app from my watch.