I was able to update from the previous beta without a loss of data as well.
For me it behaves as @dgelessus said. I'm on iOS 8.3 as well. The app crashes on boot.
I wouldn't call it a bug, but if you tap new folder after tapping edit, the keyboard doesn't come up automatically. Just saying.
@dgelessus - You can actually downgrade to the public version by going to the App Store searching Pythonista and then tapping the cloud download button. It retained my data when I did it just after the beta expired.
@omz Its fine on my iPad Air now, but before, I tried it on my iPad 2 and it was sluggish.
@omz What about Vanilla forums instead? (UserEcho is sluggish for me as well)
Just wondering, what happens when the beta 'expires'? Does it revert back to 1.5?
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