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1. Are you experiencing, to an extent, what could be considered a perpetual update where your sites go up and down in position on a semi-regular basis?
2. Are most of you having to wait until the "Big Updates" to notice any change.
Overall, I have seen no substancial changes for several months. The tweaks that worked after Florida all seem to be as effective today. The relative emphasis between on-page and off-page comes and goes. The elements that determine position among the first page contenders shift a little from week to week, but at the end of a month little has changed.
I am not waiting for a "big update", just plugging away at the known variables. Pay attention to them all and it really doesn't matter what G's flavor of the week might be.