Mine is still in Send Later 2 days after it was supposed to be sent, and is NOT in my Sent folder, so I am assuming it never went, but based upon what has been said on this thread I really have no idea if it set or not.
I cannot move it to Drafts to just manually send it now, as every time I try it automatically pops back into Send Later (I'm assuming because that "flag" is set on the email and not getting removed when I move the message).
Seems like once a message gets put into the Send Later folder, it then becomes unchangeable.
It's not like Apple to push out a feature that isn't ready for prime time, but this one definitely qualifies.
I'm definitely going to wait to use this feature again until a few rounds of bug fixes and enhancements actually make it usable.