OK, we're starting to wrap up our sprint, and I can talk about what's coming up in the next major update:
Hounds - Hounds will attack you every so often. They will warn you in advance. Prepare! Or Die!
Flame Hounds - Some Hounds are red. Watch out for them!
Blowdarts - You can craft sleeping darts, and shoot them at things!
Bee Mine - You can make a landmine that is full of bees and when something steps on it the bees come out.
Better Bugnet - You can capture bees and butterflies alive. You can make new flowers by releasing butterflies!
Dapper Vest - It's so dapper!
Scared Rabbits - If you attack one rabbit, all rabbits nearby will run to their holes.
Better sleeping - rabbits and birds can be put to sleep.
Backpack - Wilson will have 10 inventory slots by default, which are all visible all the time. He can build and wear a backpack that adds an additional 8 slots if he has it equipped.
The Amulet - The amulet can finally be worn. If you die while wearing it, you consume it and come back to life. You can also craft new amulets, but it is made from very rare stuff.
Inventory Hotkeys - 1-10 are like right clicking on the corresponding inventory slot.
Football Helmet - Keeps your noggin safe. The feather hat attracts more birds.
Action Button - Pressing space will attack the nearest enemy, or pick up / harvest / chop the nearest appropriate object.
Bloom - Fires are prettier!