Bribabz,
Though the bruising is not "normal", it is not uncommon after lateral releases, especially ones done through the arthroscope.
When the releases used to be done in an open method, hemostasis was easily obtained before closing the wound. But, with the 'scope, the release is done indirectly and there is a small artery on the lateral side of the patella (actually there is a ring of arteries that go completely around the patella) that is easy to cut during the release. Usually, it is cauterized with the instrument used to cut the retinaculum. But, occasionally, it continues to bleed, and the blood goes into the soft tissues of the leg. With gravity, the hematoma (bruise) is pulled down towards the foot. So, the bruise can extend all the way to the toes.
Usually, if the knee is noted to be bruising after a release, we placed a compression wrap around the knee, usually using a thigh high TED hose over a pad on the release. This compression was left in place for a minimum of 72 hours, without being taken off. If it was removed, the compression was lost, the tampenade effect was lost, and the bleeding could start again. But, since you are now several days out from the surgery, it is a moot point. The bleeding has occurred.
One complication that can rarely occur from bleeding into the soft tissues is a compartment syndrome. But, again, you are several days out, so you are basically out of danger from this problem.
The bruising will slowly go away, as the body resorbs the heme in the tissues. You can still use the compression to help the body resorb the edema and blood in the soft tissues. Elevation of the foot above heart level (that is really up in the air, like laying with your back flat on the couch with the foot on the back on the couch) will also help to pull the edema back into your core. Ice would have helped at the beginning, but now, heat is probably better in increase the circulation, to pump the edema/blood back into the body.
So, again, though it is not "normal", it is not uncommon. You do have quite a bit of blood in the soft tissues, but I have seen worse. We had one case referred, where the patient was dark purple from the knee to the toes. He almost developed a compartment syndrome. You will have a colorful leg for a while, but the body will eventually resorb all of that heme.
Hope your lateral release takes care of your knee problem and that your rehab goes smoothly. Good luck.