Ya, looks like that (air bubble) may have been the case. I gave a few taps on the waterpump as well just to jolt the thermostat while filling it. I had a sticking thermostat on my old Rodeo before and that seemed to do the trick. Regardless, I may still go ahead and replace the thermostat and possibly the waterpump within the next few thousand miles. The radiator is brand new so I may as well get the entire cooling line up to par.
Here's to the next few thousand miles going well so I can go ahead and look into replacing all the lines with braided hoses and throwing in a CAI. Speaking of the CAI, any proven bolt in CAIs that work well with the S/C? I have seen some gallery shots of the C/F one that looks pretty swank.