No, everyone else has it. But you can have it too.
Go into the Watch App on your iPhone. Click on General>Software Update. It should then give you the option. Seemd like when I went to do it yesterday, first time it told me I was up to date at 1.0.1. I think I did a "pull down" slide on the screen and it refreshed and then I was able to download and install the update.
Your watch must have over 50% battery and be connected to the charger. It took me 74 minutes to download the update, and then when I got home and could plug the watch in, about 20-30 minutes for it to load.