There really wouldn't be much to update because a good chunk of it is still modern. Not only that, but Banks really fucked with gender, ideology, and civil rights in a way that is still incredibly relevant in 2023.
I also really want someone to try to portray Fwi-Song from Consider Phlebas.
Trans women who want to get rid of their penis get shafted (pun intended) by circumcision as it reduces the amount of material for GRS.
That plus those who want to keep it have to deal with the same impacts as other penis owners. Perhaps even more so, as lack of T and atrophy are not assisted by the loss of the protective layer.
Most people don't really have a string opinion though, since you don't often find someone who experienced a sex life with a penis in both configurations.
The settings themselves vary wildly, and technically the books occur before, during, and after the present. The level of technology varies wildly.
The one thing in common is the examination of the content of the character of the "human" being, and how we are the same or different, adapt or don't, expand or hide.
It's truly masterful work that, yes has cool gizmos and concepts but worries more about how the gizmos make you feel.