Here is my experience, I just sent these issues to the teraria development team,
https://fs30.formsite.com/res/showS...YoPiqbVmppW3sv9hX4ZaVq4RwqLGDvWxLywXGi2SbcZA=, which i got from this video,
If you find issues with the new console version send them them to the development team. This is what I sent
"So while playing split-screen there are some major fps drops. This happens alot especially when fighting mobs and enemies and especially during mob fights and events. Additionally, the game has crashed just over 5 times resulting in some lost progress and items. The lag can be so bad that the game becomes unplayable. This is one majojr issue in the game, however, there are some additional issues. ex, solar eclipse, wall of flesh, moon lord pirate army and the celestial pillars and mechanical bosses. In the corruption the game lags alot.
Weapons and tools, when using certain weapons such as the imp staff, terrarian, and death sickle are invisible. The death sickle's projection is invisible, the imp staff is invisible, and the terrarians, projection is invisible. All summoner weapons and minion weapons are invisible, certain melee weapons and their projectiles are invisible, death sickle, terablade, dragon staff, imp staff, vortex blaster, and phantasm are the examples of a few weapons that are glitched.
Going back to performance, here are some other issues, while using the magic mirror the screen distorts into a pattern of colors, while fighting the goblin army, pirate army, and defeating the celestial pillars the screen would distort, break into a pattern of colors, a portion of my world spawn point was stuck in place, on the screen, the screen would sometimes flicker, in addition while using the monoliths( vortex, nebula, stardust an solar, they simply would just not work. The screen would just flicker black and white.
Other issues include when logging in and out of worlds, my character can be completely invisible, the same goes for player 2. In addition, the world itself flickers, along with fps drop. And when a blood moon starts during split screen the whole screen flickers. When entering the celestial pillars the screen also flickers.
A majority of these issues can be fixed by closing the game itself and relaunching itself, but the problems come back shortly.
The user interface, simply put the old console interface was much preferred, if you guys would implement an option to use the old user interface that would be nice, it would take some time but it would be worth it. Additionally doors, there are some issues where they are stuck and they don't open unless you keep clicking them. While in splitscreen things can be very hard to read, so having that old console user interface would be the best, even in single player things are still hard to read. At least make things easier to read in single player and splitscreen. This is especially an issue when sitting far from a television.
More suggestions, gravestones if you guys can, it would be kind to stop having gravestones drop on character death. It gets annoying having a bunch of gravestones around your world, and when you need to interact with certain things they can get in the way. Quick select is an option I really miss, binding items to your dpad such as healing potions and even other items. It was really useful before and if you guys could add that back it would be great.
Another thing is pausing the game, when you pause the game it should pause, well in split-screen when both players have paused the game still continues going live, leaving are characters vulnerable, my partner and I missed a solar eclipse event because of this.
The favorite items function is great, however sometimes when it does not save and you must favorite it, most of the time it works though.
Certain dyes, also make your characters invisible, logging into your world again makes things normal sometimes.
Character creation, the old method was better in my opinion than mixing colors with the slider.
Overall the update is epic and worth it love all the new stuff and especially expert mode. But these bugs make it inconvenient and especially annoying to deal with. To make it clear these bugs happen in both single player and especially split-screen, in my experience. Get these bugs sorted and the game will be even more epic."
This was my experience with the update, however I still enjoy playing the heck out of it.