SQL Server 2016 and Azure SQL Database V12 use the raw datetime internal value without rounding during conversion to another temporal type. The value is rounded only once during conversion, to the target type precision. The end result will be the same as before SQL Server 2016 when the target type precision is 3 or less. However, the converted value will be different when the target type precision is greater than 3 and the internal time unit interval is not evenly divisible by 3 (i.e. rounded source datetime millisecond value is 3 or 7). Note the non-zero microseconds and nanoseconds in the script results below and that rounding is based on the target type precision rather than the source.
This is a good thing on net, but be aware of this if you try to compare datetime versus datetime2 values.