there was a good explanation as to why this is he case posted somewhere else on the forum which I'll try to dig up, but suffice to say that there IS a reason to do with the newest architecture and while I agree there probably was a way to fix it, it's better to remove it while it's completely inaccurate, and re add it later if they fix it. Relying on that indicator on this specific MacBook was useless.
Is there anyone else seeing improved battery life with 10.12.2 final?
I will install tonight and test tomorrow.
UPDATE: I just installed and unplugged, and I've been using it for 20 minutes and am still at 100%. Yes, I get that estimates are not accurate, but this is definitely different than before. I've been watching power consumption in Battery Health 2 and it does seem lower.
That said, something similar happened after I reinstalled Sierra. I got 8-8.5 hours for a couple of cycles after that, but over time it dropped to 6-6.5 hours. So far too early to celebrate.