Oh man, this Update fudged me up good. ;-;

No, this isn't about the prices of Punch & Vise.(Although, they are very high)
This is about...
The graphics.
Yes, the graphics.
Wut about the Graphics?
I...can't see my Knight, except his Helmet & Shield. Did the Graphics become better? Because, I have a [crappy] comp & I couldn't see much then, but now, I can't see ANYTHING. I can't see the Strangers, except their arms, I can't see the Alchemy Machines, except the Glow, nothing. They just made the game Un-Playable to me, until I get a new comp. Can't do anything, but Trade & Sell items I craft for now. OOO I am very ;( Hopefully, I'll get another Comp & continue to play your awesome game, but until then, I'll be sitting near the AH, selling my wares to other Knights.
(I was also hoping to trade my Spine Cone, Bristling Buckler, & 500Cr for a Static Capacitor, but I dun haz the CE to Un-Bind. Very ;(, OOO, very ;()

That's weird. For me everything runs MUCH better now, so smoother than before. I'm sure there is a workaround for your problem, move this to tech support section and someone may help you.

Yeah, I'll see if Tech Support can help me. I'll take a Screenshot, too, to show you what I mean. Just a floating Helmet & Shield. :/
You're not the only one with update woes. I joined a party to be stuck invincible, and unable to move. Attacking caused me to switch weapons. Was quite odd! Everything works again for me though...
Have you tried swapping armor or reducing your graphics settings?

I thought there was no such thing. ._. Seems like this Update came with a few bugs.

You press escape and lower the graphics settings.
Voila!

Oh, the horror, the horrifying HORROR! D:
http://s529.photobucket.com/albums/dd333/Sonic402183/?action=view¤...
Makes me Cry. ;-;
Holy graphical issues batman. You're part transformer in airplane mode!
Wow, that almost looks Runescape tier with the shadows and whatnot. Looks like it didn't fix it. :c

You are truly now, without a doubt, the living incarnation of an iron skull.

I checked &...It's even on Low Graphic Settings. D:
may be worth to try Steam files verification:
right click game > properties > local files > verify integrity

And what do you mean "Update my Driver?"
Means update your graphics card's drivers. A driver is a software that allows it to work properly, and considering that^, it looks like your drivers may be outdated. Go to the manufacturer's website, find your graphics card and download the most recent drivers and install them.

Hopefully my character won't look like bits & pieces flying about.
That's weird. For me everything runs MUCH better now, so smoother than before. I'm sure there is a workaround for your problem, move this to tech support section and someone may help you.