It would seem everyone is quite looking forward to this patch. I confess to not being the games biggest fan but I did get one character to level 30 and managed to equip a ton of yellow weapons and some green gear.
So will this new patch make the game more accessible for the us solo players, give it some much needed oomph?
This update in terms of balancing as been all about solo players

Also, how does the armour cap work now? Still capped to a certain limit?
70% now, but with a new formula.
It actually isn't possible to hit with max armour rolls on gear (60% or so is as high as you can get) so choices will need to be made.
70% is only possible with both robust chest and sturdy holster - or just sturdy holster if you literally cap every single armour roll + gear armour mod roll.