Microsoft has released KB 3140743 on March 1, 2016.
Cumulative Update for Windows 10 Version 1511
https://support.microsoft.com/en-us/kb/3140743
Among the fixes is the following:
“Improved reliability in numerous areas, including OS and Windows Update installation, startup, installing and configuring Windows for the first time, authentication, resuming from hibernation, shutdown, kernel, Start menu, storage, Windows Hello, display modes, Miracast, AppLocker, Internet Explorer 11, Microsoft Edge browser, network connectivity and discovery, and File Explorer.”
Also released on March 1, 2016 was KB 3139907.
Servicing stack update for Windows 10 Version 1511
https://support.microsoft.com/en-us/kb/3139907
Edit to add: So far it appears this update fixed the My Cloud not showing up under Computer issue (knock on wood). Started a new thread where I posted images showing pre/post update. People can use that thread to post their experiences with the KB 3140743 update rather than clutter up this thread. Will update OP post with new information if others report success with this update.
https://community.wd.com/t/windows-10-kb-3140743-possible-fix-for-my-cloud-issue/153567
