Yes, I agree with Jeanne Marie that the change in skin texture is the worst thing I have experienced. I am nowhere near as lean as she is, so mine looks more like cellulite!
My legs and arms are fairly slim and muscular, but the skin isn't great. Darn it! (I'm blond and fair and had some burns in my early years, so that contributes. I've been faithful to sunscreen as long as exercise though!)
I gained weight, esp. in the midriff, during peri-menopause. I was advised not to worry about this weight until after menopause, that it would help make my transition easier. It was sage advice! I had my last period almost 13 months ago, and all added weight is gone. Plus some that had crept up over the years - I am back to my best size (not my smallest or most fashionable, but healthiest).
Strangely, a lot of people get a pot-belly after menopause. I had one before but it is totally gone! So my abs look the best they have in years, maybe ever, but once again the skin isn't as taut as before.
My energy level is still high, but I get injured a lot more easily than I used to.
So there's good and bad! Good luck!