Upcoming features

Terraria 1.3.1 (Desktop)
The Terraria 1.3.1 update will be focused around improvements and additions to the wiring system of Terraria. Players are encouraged to send in their ideas here.

Content

 * Logic gates (AND, NAND, OR, NOR, XOR, and XNOR)
 * Yellow Wire.
 * Snow no longer passes through blocks.
 * Conveyor Belts

Terraria Series
Following the release of the Terraria 1.3 update, lead developer Redigit has moved on to working on Terraria: Otherworld, though developers Yoraiz0r and Skiphs plan to continue updating Terraria into the future.

Redigit has also stated that he plans to later release Terraria 2, a seperate game from Terraria: Otherworld, although little information is known about the nature or content of this sequel.

1.2.4 (Mobile)
Adds all additions in the Desktop 1.2.2, 1.2.3, and 1.2.4. It is most likely to be released late December to early January.

1.2.4 (Console)
Adds all additions in Desktop 1.2.4 plus the remaining 1.2.3 content except:

GAMEPLAY MECHANICS MECHANIC CHANGES/BALANCE NPCs ITEMS Firefly in a Bottle Lightning Bug in a Bottle Mallard Duck Cage Monarch Butterfly Jar Purple Emperor Butterfly Jar Red Admiral Butterfly Jar Ulysses Butterfly Jar Sulphur Butterfly Jar Tree Nymph Butterfly Jar Zebra Swallowtail Butterfly Jar Julia Butterfly Jar Spectre Mask Diamond Ring Crimson Cloak Mysterious Cape Red Cape Winter Cape Bee Headgear Bee Breastplate Bee Greaves Hornet Staff Imp Staff Queen Spider Staff Spider Mask Spider Breastplate Spider Greaves Slimy Saddle Bee Wax Sail Honeyed Goggles Optic Staff Spider Staff Pirate Staff Slime Hook Sticky Grenade Molotov Cocktail Spider Fang Slime Gun Seashell Starfish Blue Dungeon Chandelier Green Dungeon Chandelier Pink Dungeon Chandelier Weapon Rack Fireworks Box Firework Fountain Music Box – Pumpkin Moon Music Box – Alt Underground Music Box – Frost Moon Music Box – Underground Crimson Life Hair Dye Mana Hair Dye Depth Hair Dye Money Hair Dye Time Hair Dye Team Hair Dye Biome Hair Dye Party Hair Dye Rainbow Hair Dye Speed Hair Dye Hair Dye Remover Ducky Wallpaper Confetti Block Confetti Wall Confetti Block - Black Confetti Wall - Black Living Fire Block
 * Wearable Accessories
 * Chest Naming
 * Infinite Wiring
 * Ability to change Hair Style in-game
 * Ability to change your default clothing at a dresser
 * Vanity Wings (dyable)
 * Ability to place Switches and levers on a wall
 * BALANCE: Reintroduce Re-Spawn timer
 * BALANCE: Other Balance changes
 * Reintroduce Coin Gun (loot – pirate invasion)
 * IMPROVEMENT: Overwrite console auto-dig code with PC auto-dig code
 * BUG: Reduce ore sparkles brightness
 * BUG: Don't show enemies names when they are in darkness.
 * BUG: Only auto-place 1 torch per press
 * BUG: Heart crystal plays shatter sounds every hit, instead of when it breaks
 * Remember hits for tiles
 * ART: Update splash screen
 * BUG: Fix minion sacrificing code (bug: The Tempest Staff fails to summon Sharknado if another minion is already present.)
 * Stylist

This remaining content is sceduled for release in early 2016.