Are we e-mailed when it's done? In the mean time I've just switched over to advanced to do it myself, as I remembered some changes I did make that may affect an automatic update.
I'm thinking the wiki could be clarified with a bit more information though so that one-click install users know what's happening with their software, or in my case what was going to happen. phpBB I think is especially confusing as the board itself tells admin users when it's out of date, but there's no indication in the one-click site that an update is pending.
It might be an idea to have the queue of one-click updates exposed somehow so we can get at least a tentative estimate of when it'll be available. In my case I just opted to move forward and do it myself as the phpBB update has something to do with cross-site scripting vulnerabilities for boards that allow posting of Flash content, which my board needs to allow.