So now I've heard more, its a bipolar patch. Lots of bug fixes that really should have been S2. Noob killers nerfed pretty commonly like Feng's DB2 string, but many characters are stronger than they were. Its funny at least to see what they've done.
Certain characters like Anna, Asuka, Bryan, and Jin got decent nerfs. Then others like Alisa, Azucena, Hei, King, Etc Etc got pretty much all buffs. Its pretty funny hearing what the devs see the character identities are. The charge bug is back: you can get a 15f +4 mid (with a followup on hit) on Hei by pressing UB 1+2, 1+2. A lot of "making things easier." Back to basics more along the lines of "making things easier," not "RETVRN TO T5."
TL;DR wait for T9. Maybe we'll see some actual nerfs throughout the year, but I wouldn't hold my breath. I'd appreciate this "minor steps thing" if the game didn't take giant steps in the wrong direction in S2.