The developers of Terraria have released their March development diary. They mentioned that the team has been working hard on balance for update 1.4.5.7.
Re-Logic decided to remind everyone of their approach to work. They study community feedback but understand that it is impossible to satisfy all players — sometimes developers have to make the final decision on certain issues:
We have studied tons of feedback on this matter. We consulted with testers of various qualifications. Rest assured, we have seen almost all the complaints and read countless suggestions. It's not that we know everything, but we have identified the main "pain points" in the ecosystem of class and item balance. We will also clarify immediately: we are not going to change every item in the game. We will focus on the most needy areas (for example, early magic) and bring everything in order for each class. The main goal is to make the game more fun and interesting. We know that update 1.4.5.7 will cause different opinions. We only ask you to remember: we have proven that we listen to you, but at some point, we, as developers, have to make the final decision on some issues. Sometimes groups of players have directly opposite views — and we have to make decisions. Nevertheless, we believe that Terraria 1.4.5.7 will be a good step in the right direction.
The authors of Terraria also published an animation-spoiler — they are preparing something new for magical weapons:
What if we say that Gem Staves will get new tricks...