I'm all for the torch slot as well. I was just thinking about that last night, and how it would be so nice to have my blue tish ticker's tinkered lantern of the moon equipped.
I'm not going to comment on the status items because I think enough has been said already. I don't care about the change that much because it wasn't my main source of status, but I understand why a lot of people are angry.
All in all though I think it was a good update 