[GMS 1.12] Highlights
The highlights of the update can be seen in the following video:
It has also been confirmed that the pirate revamp will come later this Summer. Possibly with Phantom.
Not noted in the highlights but noticable from the updates and the video is the change of the character selection screen as pictured below, courtesy of (click for larger image).
The new selection screen shows up to 8 characters on one page and looks awesome.
The changes to the level requirements of the party quests are as follows:
Henesys PQ: Level 50+
Kerning PQ: Level 50+
Ludibrium PQ: Level 50+
Monster Carnival: Level 80+
Ghost Ship in the Mist: Level 120-160
Also, Neo City has been revamped and is now available for players level 125+.