So, I thought I'd add my voice to the 'this patch broke the game' crowd. I keep loading into servers where, after 10 minutes or so of play (after digging up a few treasures), islands stop loading in at all. Ones that were already loaded in at minimum quality remain at minimum quality (outposts that are already fully loaded have no NPCs at all and therefore are impossible to cash loot in to) and I fall right through them, and islands outside of draw distance don't appear at all. I literally just ran aground on an invisible outpost (and could still sort of walk on it a little). And the seas are littered with empty ships, floating in place with nobody on them.
Now, I'm stuck on the loading screen after selecting 'leave game'. The game can't even figure out how to load the title screen...
Guys, come on, this patch is a disaster. Well, for me at least. I managed to cash in a single chest of a thousand grogs in between glitches sessions. Fun.