Patch note: http://store.steampowered.com/news/6025/

Highlights:
New Items
New NPC behaviours
Damage types split into melee / ranged / magic
Difficulty settings on death penalty
Improved server syncing + Server history

Server updated and running. World is regenerated to accompany the new features of the world generator.

I suggest we all play a new, medium core character to experience the new features.