Upcoming features

1.4.1.2
1.4.1.2 will be the final update of Terraria. It first thought to be released one week after 1.4.1, but it was not for unknown reasons. All content in this update is unknown.

Terraria series
Redigit stated that he plans to later release Terraria 2, a separate game from the cancelled Terraria: Otherworld, although little information is known about the nature or content in the possible upcoming sequel at this time.