Yes, Also price are getting updated with variants.
If you are still facing any issue then send me an email with your store URL.
Hey there, I am having the same issue. Swatches appear along with the old selectors and when selecting the swatches both the picture of the variant doesnt come up and what is added to the cart is actual what is in the dropdown selector (not what is selected on the swatch). Could you provide guidance on what you did to fix this or help me as well>