Here the first part of what was said at the press conference:

- The Korean PTS will be updated to "Freya" in the middle of January. It is planned to go live in February or March (which would be earlier than what was said at the G-Star Festival in Busan).

- The Frintezza raid will be converted to an instance.

- Three new varieties of 80+ armor and weapons will be added. It is not yet clear at which precise level they can be used.

- Vesper armor will become craftable.

- As announced before there will also be new Raid Bosses in this update.

- In 2010 the concept of "War between Countries" (Aden and Elmore?) will be introduced. Kwondoh thinks that the wording indicates that this might not yet be in the Freya update.

- In 2010 every castle can be via a specific system elevated to a special level.

- There will be 20 new skills in the next update, "Freya".

- When summoning a Servitor, Spirit Ore will be used. It looks as if Spirit Ore will then have no weight (kwondoh still has to double-check on the weight aspect).

- Questions about the level cap were not answered. More info about that is expected in the course of the next year.

- In 2010 you will be able to summon 2 Servitors and have whatever one-handed weapon in each hand, like for example in one hand a sword and in the other hand a blunt weapon.

- Because blunt weapons have a good accuracy, their crit rate will not be adjusted (OIOFJI, being a Dwarf, regrets this very much).


More to follow.
More:

Here first the hunting grounds. "Balancing of classes" will follow next ^^

- The Plains of the Lizardmen will be converted into an Archer hunting ground.

- Skyshadow Meadow will be renamed into "Training Field of Power"(?), the monsters there will be modified. It looks like this will be a hunting ground for Polers.

- In the Steel Citadel, Ranku and the Demon Prince will be converted into instanced dungeons.

- Frintezza will be converted into an instanced dungeon too, to the great joy of many users who had so far no access to this Epic Boss.

- In the Seed of Infinity the rewards during the defense stage will be increased.

- Antharas, Valakas and Zaken are scheduled to be reworked, a high-level Zaken will be added.

- The probability to level Soul Crystals will be increased for all Raid Bosses.

- A high-level "Labyrinth of the Abyss" will be added.

- The looting when hunting in a party will possibly be changed ("it will be possible to change"? Kwondoh's short note can mean both).

- The number of quests a character can engage in at the same time will be raised from 25 to 40.

- The duration of the 3rd Class Change Quest will be cut in half.

Class changes:

And now what the developers have in mind to balance the classes.

- The exp that Servitors take from a Summoner will be reduced.

- The Hate skill of Tanks will be made stronger (this will make hunting in parties easier than ever).

- Tanks will be given attack-strengthening buffs they can bestow on party members.

- The Vanguard skills of Tanks will be improved.

- The CP value of Eva's Saints and Shillien Saints will be raised by 80%.

- More than 20 class-specific skills will be added, as well as 5 "Special Skills" that have to do with a newly introduced "Awareness System" for learning those class-specific skills.

Apart from the classes, the Attribute System will also be changed. The number of Attributes that can be bestowed on an item will be changed from 1 to 3.

A World Olympiad encompassing all servers will be introduced. Points will be gathered, and the server with the most points will be "Champion of Champions". There will be special benefits for the Hero Server.
(Not necessarily on NA/Euro servers; we also don't have he Battle League tournaments).

More than 20 new hunting grounds and 10 new Bosses will be added (in 2010, not necessarily all in "Freya").


For more info check kwondoh's blog:
blog.daum.net/kwondoh