Season One: Update Two hits live servers today and brings with it a number of new features, including the Accolades system (read: perks from Champions Online), Squad Support (similar to Super Sidekicking in City of Heroes), numerous Quality of Life changes, and a revamped C-Store.
View the original announcement here. Patch notes are also available.
[Thanks Joe, EyeJon, and Piasek for the heads up!]