With all the bugs that are on test, it is unpredictable to when this will come out. There are some bugs like the tonic thing, which you can fix by bringing the log out screen up then going back to the game without logging out, the bug where certain parts of islands will make you crash, etc., etc.
As far as we pirates can predict, I would say a week to 2 weeks before this update will go Live. But as i already stated, its nearly IMPOSSIBLE for us to know. Do this
as long as you want, but more than likely you wont find much on this topic.