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I always wait for a little while before I upgrade the machines I rely on for work to most things when they are first released, whether that is software or hardware. I think that is just being prudent. There are always going to be some issues, whether major or minor.
That said, two people who I can literally see right now have already upgraded to Mountain Lion without any problems and are happy with it. That is obviously not exactly a scientific survey, admittedly. For myself, as noted above I would wait before updating on mission critical machines, but otherwise I would probably go ahead and update.