Made an account to post my feedback here too...
Controls: Like most have said, this has been a downgrade. I used to jump with the X button normally when building/exploring/mining but switch to L3 when fighting(for running and jumping on one direction while aiming and shooting at the opposite direction). This time, we can only set one button for a a certain action so i have to switch between the controller settings if I still want to use my style and it can be very frustrating scrolling the menus every time i need switch especially if a powerful enemy suddenly pops out. As for the dpad, I also switch between the two different modes depending on the situation which i could quickly change by opening the menu and toggle it but i cant do it smoothly anymore.I hope you can return the old dpad controls since it allows me to move the cursor box by box without needing to toggle the smart cursor on and off. The smart cursor's range is also too far from the character. Allowing the player to customize the controls is a good direction, since i barely use the square button before, now we have different auto commands
UI: Texts are overlapping with other stuff. Life and mana take more space than what they are worth. The minimap is a nice addition. The crafting menu is horrible, we spend a lot of time crafting stuff and we have to do it in a tiny corner with only have one way of scrolling. Being unable to see the stuff we cant craft yet and their materials is a pain. Manually switching items between the bag and chests is tedious without a mouse. The main reason i play terraria on console is the splitscreen. It doesnt feel like a split screen anymore and it looks like having multiple resized mini-PCterraria windows adjacent to each other. The zoom is limited and boxes are harder to see. Everything feels so cramped and i cant shoot faraway targets now.
Gameplay: So far, I'm excited to see the new content but i feel like waiting for the hotfixes to come and go because of the bugs and slowdowns. My sister had that bug where your stuff disappears into thin air when you select/use it and she has lost some important items. We had to turn off autosave to prevent our items from disappearing, however, we can only manually save the game by exiting now. The thing about doors not opening if there's an obstacle is annoying.People might get used to it over time, but ill still have a lot of remodeling to do because of it. I just watched my siblings get slaughtered by skeletron on expert mode using pre-hard mode equips and it looked fun.