It's never worked for me, even though it connects to my car's Bluetooth. It's a beta, though...It's connecting to the car Bluetooth. 2013 Mercedes. It worked fine up until today.
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For the people who don't have the voicemail transcript yet, mine didn't show up until I recieved a voicemail today, and the transcript for me works for voicemails from even before the beta. So for those on whos phone it isnt showing up yet, maybe give it a couple more days!
Mine is more or less working. But today I got a voicemail from Apple and it says "transcription unavailable."
Irony.