There was an old leftover event from the pre-Phoenix Down days that would play an old dream sequence that is no longer in the game but still exists in the programming. If a player slept at the Ashbury Inn at a certain point in the game they would trigger this bug. At the end of the dream sequence it would teleport the player rather far into the later parts of the game. This has been fixed.
There was an issue where the Vanessa character would sometimes not be present during the player's escape through the Waterways. This has been fixed.
Some item/skill/gear tooltips have been updated.
Just a reminder to all players! Sometimes Steam does not give an automatic update if it is too small. If ever in doubt, simply verify your game files. It will force an update, no matter how small, and you can be confident you have the most up-to-date version.