Both of our apps did not work anymore after the update. Does Renamed Collection's "update" to set, for parallelism with the similar model.set(), and contrast

Both of our apps did not work anymore after the update. Does Renamed Collection's "update" to set, for parallelism with the similar model.set(), and contrast with reset. It's now the default updating mechanism after a fetch. If you'd like to continue using "reset", pass {reset: true}. mean that now collections don't fire the 'reset' event anymore? Should we use collection.on('set', ...) instead? Because I think there are a lot of apps in the wild relying on the collection.on('reset', ...) syntax out there as this is seen in most of the tutorials.