Owners of Nexus 4, Nexus 5, Nexus 7, and Nexus 10 should be seeing Android 5.0.1 update for Lollipop landing on their devices soon.
Google has released the source code for the update to the Android Open Source Project (AOSP) and this is good sign that the update will be pushed to Nexus devices imminently.
This will come are a relief to those who have been suffering from Lollipop bugs. Users have been complaining of poor battery life (a problem that appears to be widespread on the Nexus 5), overheating (Nexus 9) and storage related issues (Nexus 6).
Some users claimed that the update rendered their devices unusable.
If you're not yet moved up to Android 5.0 Lollipop then don't worry. You're lucky since you're missed out on the problems.
You can if you want download the Android 5.0.1 (build LRX22C) direct from Google for the Nexus 9, Nexus 7 (2013), and Nexus 10.