Got it!
I am quite pleased to see that this (large) electronic level nicely displaying after a third press of the Info button and that it also shows in the viewfinder/top LCD screen ...
Next thing: I was frustrated about when I used the M mode, the exposure "bar" disappeared ... not anymore after the update. Another nice point.
Finally, just to test it, the LV worked quite well even under low light situation here, right now, in my very small "office". Another nice surprise was that I also could see the AF assist lamp light up while looking into the rear monitor; but maybe this was already there? To be frank, I have never used LV nor tested video.
Now for the "film reversal" function ... where exactly do I find this? Is this now in the camera or with the Pentax Utilities? What is it for?
Cheers!
JP