I have a bit of a strange one - we are doing updates to a default version in versioned views (to update a linking number to another system), the update works fine, however in Desktop (10.2) the updates don't necessarily display correctly.
If you have the Feature Class open at the time the update is fired, it may or may not show the updated values in the identify or table tools until you relaunch the application, is there some sort of caching at the application level that may be causing this? Hitting Reload Cache in the Table tool doesnt appear to update the values though
Relaunching Desktop and opening the FC again shows the updates as expected - its not a showstopper, its just annoying!
My Environment - 10.2 for Desktop and Server, SQL Server 2008
Even I have seen similar behavior however in our case, refreshing ArcMap using the refresh button at the bottom was enough or even panning around used to help see the new edits in ArcMap.
Have you tried the refresh button?