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Once updating to version 0.10.1.0, in addition to monero-wallet-cli, there is monero-wallet-rpc. What is the difference in usage between the two? What type of commands/arguments that were run previously with monero-wallet-cli should now be run instead with monero-wallet-rpc?

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If you previously ran simplewallet in CLI mode (or 0.10's monero-wallet-cli in RPC mode) then you would simply transition to using monero-wallet-rpc with the same flags. As always, running the binary with --help will give you a list of all possible flags.

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