As of January 2nd, 12:19, Mountain Time, V5 update is live and featuring almost everything Steel and Teal at Studio Blue brought up in their video listed below with the exception of the characters rewrite that will come later. As a side note I won't start working on the character rewrite until January 12th so I'm still able to patch the game in case of any more spelling mistakes or bugs are found.
https://www.youtube.com/watch?v=vNcG3vS775Q&t=3022s