Patch 1.2 was finally released for the Public Test Server at the end of last week with a LOT of changes. Obviously, the details may change between now and the release on the live servers (that is the point of testing, after all) but they are looking pretty good so far. There are a few highlights below but you've find the complete patch notes over here: http://www.swtor.com/test-center/patchnotes/313976
Highlights
Players can now unlock a wide variety of rewards by leveling characters and reaching new Legacy levels, including buffs for your characters, unlocking additional Species choices for every class, and upgrades for your personal Starship. Build your own Legacy with the new Family Tree!
Lost Island, a new Flashpoint, is available for play! Having uncovered the sources of the Rakghoul plague outbreak in the Tion Hegemony, players must travel to Ord Mantell and confront Dr. Lorrick, the mad scientist who engineered this horrific biological weapon.
Explosive Conflict, a new Operation, is available for play! The Trandoshan mercenary warlord Kephess has seized the planet Denova, a world rich in resources valuable to the war effort. Players must assault his war camp, situated atop a mountain in densely-wooded terrain, fighting Imperial defectors and heavy war machines along the way. 8- and 16-player Story and Hard Modes are currently available for this Operation.
Novare Coast, a new objective-oriented Warzone on the planet Denova, has been added to the game. This Warzone, like Huttball, supports same-faction matches if there are not enough members of the opposing faction to be found.
New repeatable high-level daily missions are available in a new area on Corellia, the Black Hole!
Guilds now have access to a shared Guild Bank, accessible on the Fleets, with expandable storage.
A new tier of gear has been added for both PvP and PvE.
Ranked Warzones are here! Players can now queue up and participate in PvP matchups to rank themselves against the competition.
Players can now customize their User Interface by moving and resizing UI elements!
A new level 50 World Boss with a challenge for a well-coordinated 16-player Operation Group has been sighted in the Gormak Lands region on Voss.
Players can now leave comments on entries in their Friends List in the Social Window.
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