Our long-awaited STEEL release – the real-time combat revamp – is now out of beta! It brings a clutch of bug fixes and a giant shipload of really stunning scenery. You can view combat footage and a list of known issues here:
http://www.failbettergames.com/steel-update-is-live/
We've also made many balance improvements to the map and removed a lot of empty space. If you want to get the most out of Steel, we recommend starting with a new captain and a new chart. It'll look better, and there'll be more ports, so you can save more often.
NB there's currently a bug that will prevent OS X users getting story updates. This is top of our fix list and we’ll release a patch for it ASAP. The Steel release comes with all the latest story updates, anyway.