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just upgraded - yes EI does nothing it seems to me as well. It just works on the LUTs, huh. Also I can't figure out how you can adjust the white balance in S log. I know you go intot eh camera menu and there is a s log white adjustment area - but what does this do? Oh well, keep on dreaming.
Is it worth doing the 1.2 firmware update or should I wait till 1.3? Do you need to do 1.2 in order to do 1.3? Sounds like 1.3 is going to fix some issues with 1.2.
Check your button assignments.
The only change I have seen is double the boot up time.
The extra boot up time is due to the camera looking for the Arri lens data.