With the LG G3, getting the bump to Lollipop 5.0.1, didn't change a lot visually. Well, that's not exactly true, Lollipop has brought in the material design aspect, so there are better animations and shading overall. You can't not see the overscroll animation just about everywhere.
But what else does this update bring?
Lollipop includes new volume modes, in 5.0.1 they've removed the 'silent' mode option from long pressing the power key, so to get into that feature you have to press a volume key, and then from there you can choose silent, priority, or off. What's cool is with silent or priority you can set a time limit for it. So, if you are going into a meeting for 2 hours, you can put it in silent for 2 hours and not have to worry about forgetting that it was left on silent. Priority mode essentially is a 'filterable' silent mode, where only essential apps can come through.
And it includes SmartLock, which I'll talk about later on.
Here's my quick showcase of what's different: