Lot's of videos have surfaced outlining many of the changes in Terraria 1.2. The above video features wooden & cactus armor and the ones below feature a new NPC The Steampunker as well as rope and rope coil. Very excited about the full set of wooden armor as that means that you can outfit your character very early on in the game. The only downside is that if you start a server(like ours) the trees will get dropped pretty fast. That said, we should all be re-planting so it shouldn't be too much of a problem.

That said, I am now curious. Will you be going Wood or Cactus armor to start?

http://www.youtube.com/watch?v=kE2kn1IWFfQ (The new NPC The Steampunker)

http://www.youtube.com/watch?v=DlDJXkn1oPA (Rope & Rope Coil)

http://www.youtube.com/watch?v=mYkwmSAFvhk (Campfire)

http://www.youtube.com/watch?v=9Lh4lMW4d5A (Tin ore)

Terraria 1.2 drops October 2nd.