In the "Aircraft Status" menu  for overall status it displays "Latest Firmware!" should I be alarmed by the exlamation point? (Phantom 3 Advanced firmware vol. 11.0020)

No, the grammar may be bad but the message is good.

Thanks for the reply, with all the latest firmware issues I didn't know what to make of it.

The same happens to me, does it work for you?

I'm more than happy with my 11.0020 FW...