Still doesn't update, at least I can't get it to. I made three files and placed some database callouts via keynotes as you outlined. I used the 'Note description from Database' option, so what appears in the drawing area is meaningful and not an abstract "34, 35, 36" or "F, G, H"..etc which I don't like about keynotes and anyway becomes unusable on larger multi-file/user projects. I amended one of the notes in the database and updated that instance in that sheet file.
The same note in the other files does not reflect the amendment. (i) Hitting "update" in their keynote PIO doesn't do it, (ii) nor does running Reconcile Notes or (iii) even closing all files, quitting and restarting VW doesn't. Same old wrong note..