Its definitely good news that it hasn't done anything yet, but I personally don't think it was overhyped at all. In fact I wondered if people weren't warned enough, as none of my friends new about it until I let them no about it. And this is coming from someone who is tech saavy, and rarely falls over the hype of things, and is the complete opposite of a conspiracy theorist, lol.
I don't think the hyping of the worm was a result of what security experts expected it to do, but rather what it could have done. It's about the risk. I mean anyone remember the ILOVEYOU virus? That caused massive damage because people were unprotected. Conficker didn't do anything, but it very well had the capability to do massive damage.
And quite frankly, what does it matter if it didn't do anything yesterday? Correct me if I'm mistaken but April 1st was only the day it started to recieve instructions again. That doesn't mean it had to do it yesterday, it can begin to recieve its actual instructions anytime afterwards. With the intelligence this piece of malware was coded, I think it would be pretty stupid of them to send the instructions when everyone anticipated it to.
I personally don't think anything will happen, but from what I know, this is the most potentially dangerous virus we've had in a long time.