Seems to be true for me.
One of my updates went live yesterday and despite changing the date it did not show up. Although if you go into the application on iTunes it has yesterday's date.
I'm not too worried though. There were 3 pages of new applications released yesterday so there's no guarantee it would even have showed up.
I also hope it stops people releasing regular updates. It may help speed up the approval of actual updates.
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BUZZER! : iTunes Library Music Quiz (1 or 2 Player)
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