I used App Manager (io.github.muntashirakon.AppManager) for the screenshot; you can use your regular 'Installed Apps'/'Apps' menu to see if it's been rolled out automatically for you as well.
edit: First link was originally a typo, my bad. Fixed it.
Not if you want your banking app to work, or some other apps that require you to have the "certified" os on your phone. If I have to stop using these apps, I might as well go back to a dumbphone.