https://www.bungie.net/en/News/News?aid=12887
Update 1.2.0 is live, but the House of Wolves is not. Read your Patch Notes, please.
We've talked a lot about how Expansion II would change the world of Destiny. Ascending your gear. A more generous Crucible. Material exchanges on behalf of the Speaker. Weapon reforging conducted by the Gunsmith. New weapons and armor for sale by the Vanguard and Crucible Quartermasters.
All of that is still coming - it's just scheduled to arrive with House of Wolves. May 19th, as promised.
This is a phased roll out. The Queen's Emissary is in the Tower right now. There are new Wolves to hunt. Go and get some. As for the rest of what you're waiting for? It arrives with Expansion II, whether you purchase it or not.
See you in The Reef.
[b]UPDATE[/b]: Patch Notes have been updated to correct the inaccuracies. Line items have been moved from 1.2.0 to 1.2.0.1.
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The added 'content' is minimalistic at best. 6 bounties that where intended to be spread iver 6 days? Just killing more fallen deoping from a ship? That's a none event. And the engram glut at the moment makes farming them impossible. The new chests are generous, but after a short while your inventory and vault are full. Don't tell me this was not intended. :( Farming these stupid events for PoE keys is just another stupid grind. [spoiler]disappointing[/spoiler]