So I just gave the fishing a try... never know what you can catch.
In the video I just caught some boots.
Interesting that when I first went to a fishing body of water there was a new NPC waiting there with what I took as potentially something to do later (catch a zombie fish or something).
Previous to the video I had caught a crate and if you opened it there was some silver.
That was another thing that started working again. Previous to this update if I ever got a present nothing would appear. Now it's working as it should!
I haven't tested any of the other features as of yet, but when I do I'll make some videos