Well, I've been playing for the last few hours, and after looking forward to this update, here's my thoughts and feedback.
1) Buggy as hell
From laggy UI issues people have mentioned above, to inability to mark items for deconstruction and a inverted colour over my m1a scope.. I hit more annoying bugs tonight then i have done the entire time I've played this game. Restarting cured them, but still.
2) Drops
They have certainly increased the drop ratio, mainly of blue and purple, lots and lots of them and more 182 golds in general.. But ultimately nothing better stat wise so just deconstruct for mats.
3) Toughness
I'm not sure about Toughness, as I'm definitely weaker. I normally run the first two dailies on hard solo quiet easily just charging through no problem. Tonight I had to take cover. I was undoubtedly soaking up more damage then previous. My 78000 health is now 150000 something Toughness. No idea on that figure, but it's certainly worse then it was.
4) Search and Destroy
This very very quickly became a tedious grind for me. I cleared 10 or so and was fed up of doing it.
5) Daily High Value Targets
The concept is there, it made a nice change. I did 2 medium difficulty and 1 hard.. Which was very hard solo. My only reason for wanting to do them was for the opportunity of a gear set or 204 weapon.. Of which I got neither.. Just more useless 182 golds. Was rather annoyed after the effort put into the hard one.
6)Falcon Lost
Not nessesily related to 1.2, but for goodness sake. Why oh why do people still insist on a plus 200 gear score just because they are. If I put my highest gear sets on I'm 208.. But as it happens they are all rubbish and I'm much stronger all round with a gear score of 194. Stop kicking people because of this.
Also, mics!.. Ok for challenging where comms are helpful, fair enough, but on hard there is no need for me to have a god damn mic just to run up and down a gutter.
Lastly on this, seriously now, why are there still people who shoot the drones at the beginning?
6) Clear Sky / DZ
Didn't touch this evening.. Falcon Lost annoyed me too much and I rage quit.
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I do really enjoy this game. It's been a very long time since I've been hooked to the extent of putting in over 160 hours into a game. But, although I don't want it to, I can feel its claws over me beginning to slip now.