I had gone and bought the new Wireless Panel to replace the old Gateway before the special offer so have had it in place a few weeks. The log seems to note batteries going down as you state but when very low I have been getting a message on the screen that you can't miss.
I have now taken to keeping a note of when I replace batteries. Interesting results. All was installed in December 2014. In that time in one zone I have replaced the batteries twice (i.e. been through 3 lots of batteries), in one zone the originals lasted 12 months, in another 15 months, and in another 3 zones 16 months. I have 11 zones but did not in the early days note when I changed batteries but all bar one zone have now had to be replaced. If I check the RF and signal strength from the Panel all is good. The zone where it is on its third set in 15 months has always reported a good signal. This zone is a little used bedroom where the set points throughout the day are 10C so the batteries presumably have had little use yet they drained the quickest. One of the more active zones (the lounge) and further away from the panel than the one drinking juice, gave me 12 months usage.