I was unable to play Terraria on the 1.3 update on PS4 until today after the latest patch, due to my main storage world not converting. The update solved that. My son and I have been playing this evening, put in about an hour and a half. We haven't experienced any of the issues that people have been talking about with crashing on saving. There is one small bug that doesn't let us easily close chests when we're looking in them, sometimes we have to press circle twice.
My only issue with it now is that I'm getting old and my eyes are not what they used to be. The inventory menu/UI is extremely difficult for me to see. It could stand to be a bit larger if at all possible, and instituting an opacity slider would be fantastic. If it wasn't semi-transparent I don't think it would be as hard for me to see. So if you could do something about that for us older players with abysmal eyesight, I'd really appreciate it.
Thanks so much for getting these hotfixes out so that my kid and I can finally play our favorite family game.