New launch site faces Outcast. The island of PDF is smaller and easier to sail around. Many of the same ships that used to be around PDF are back and the large number of EITC ships are gone. As stated, the compass seems to be fixed and you indeed do see ships as soon as they spawn so no more surprises for the moment. The rendering of the lava and smoke from the volcano are not there yet. Outcast seems to be farther from PDF and closer to Tormenta.(didn't measure but it seems that way to me)
Update: Some of the holes in wall have been fixed and the cactus are green again. The bridge is rendering and colored properly. Unfortunately there are several new walls that are now walk through and the many of the wall glitches that I reported are still there. Still no bosses on PDF back beach.