Yep! I've had two nasty bugs (intermittent audio dropping and HDMI CEC power off being broken) that were fixed by firmware updates.
I don't keep the firmware preemptively updated, though. I just did it as a debugging step in trying to fix some problems, and shockingly it did both times.
I have a decade old Sony Bravia that we got because it supported DVB-T (terrestrial digital television; now no longer in use because of a switch to DVB-T2) without the need for a set-top box. It has an Ethernet jack, but other than some experimentation after we got it I never connected it. I can't imagine ever trying to update its firmware at this point; no reward and plenty of risk. After DVB-T went we just stopped watching broadcast television, and this early 'smart' TV only gets turned on sitting on the HDMI input it gets from a receiver hooked up to loudspeakers and an HTPC with Netflix in a browser and other media. Of all its features the on/off button on the side is the only thing interacted with now. I've stopped repairing the remote years ago.
I fully expect it to just die one of these days, and it will probably be the last smart TV we'll ever own.
It is literally impossible to ship “production quality” devices that actually support a decent amount of formats.
Of course there will be bugs when you’re consuming content at the very bleeding edge. I’d rather still fight with getting some Dolby stuff to work than not have it at all.