I just used this method and I am definitely still rooted: How to Update Keep ROOT Verizon Galaxy S4 on Lollipop OC1 - ZiDroid I was personally waiting for when Lollipop would have root before updating and here it is. It works and my phone is running fine, I'm restoring apps with Titanium Backup right now as I type this. So for those who were waiting, go ahead and give this a shot. Once all is done I'll have to put Lollipop through its paces, but for initial bootup and setup, everything has been smooth. I can tell you I don't miss all the tacky Samsung sounds for everything I click and scroll though, turned those off ASAP.