Far from a useless update -- The fix regarding mod restrictions will do a lot for servers. It crippled many community servers when 1.05 first launched.
Why are people so frustrated over base raid issues? There are dozens and dozens of community servers that have base raiding disabled or extended the raid time. That's what mods are for -- to curb and cater the experience to certain player types. Yes, it feels limited in the base game. So why don't you boot up DZSA launcher and find a no base raid server?