toosooty: Nah, just s-memo is included; s-note is a separate download.(mentioned here as well: http://www.howardforums.com/showthread.php/1770426-Samsung-Galaxy-Note-Ice-Cream-Sandwich-update-with-Premium-Suite-available-tomorrow )
It's weird: this morning around 8:30am I was able to activate the update on my Note but I cancelled the download, thinking that it would be better to update my Note in the evening after coming home late from work. So it's 10pm and I tried the update...