Microsoft and many others who provide software updates rarely if ever are too descriptive about exactly what an update does, so I don't see what all the fuss is about re this one.
Re it's rating as 'important', Microsoft obviously feel that it is for those who are planning to upgrade to Windows 8, and again, why is that a problem in this case? Upgrading from one OS to another has never been an exact science for many, and Microsoft are trying to make that part better at least, bearing in mind that they have the devil's own job encouraging users to stay with an front end that is radically different.
There were many who did have issues upgrading in the first months of Windows 8, so one can hardly blame Microsoft for trying to make it all better. Quite how that equates to Microsoft being secretive is eluding me at present.
If computer users think that Microsoft is underhand, why aren't they using Linux or MacOS. It isn't like there are no alternatives, although in my opinion, Linux and MacOS are poor alternatives.. :-)