Anyone experience an issue with the latest update?

Yes, maybe. Also and before you reflash your phone (as there is no warranty from my side for below draft or rather coarse direction):
cd /media/user/L5_path/
ls -lh
dd if=boot.scr of=L5boot_scr.script bs=72 skip=1

Edit, as su, L5boot_scr.script text file and look for (or something else related to your setup, this is just an example):

setenv fk_kvers '5.17.0-1-librem5'

Continue with:
dd if=boot.scr.bak of=L5boot_scr.bak.script bs=72 skip=1

Compare two outputs, rethink your next step and solve this issue. Perhaps you’d like to end up with this after removing (and backuping) original boot_scr and boot_scr.bak files, as su:

apt install u-boot-tools −− needed to be adjusted toward: https://software.opensuse.org/package/u-boot-tools
mkimage -c none -A arm -T script -d L5boot_scr.bak.script boot.scr −− from .bak to the regular .scr

… or just rm boot.scr and rename boot.scr.bak to it.