At first I thought this was the 1.031 change log, but when I saw that Seleuceia had responded I decided to click on it. Then I saw 1.04 at the top and sat confused for a few seconds before I realized that this was the one and only 1.04 massive Rebellion update! Yay.
I love all the changes to the Vasari Loyalists. I would go so far as to cal them balanced now.
I also love the change to the Pirates grouping up at their base.
I love the new maps.
I like the changes to the Advent Loyalists and Vasari Rebels. They are good changes, each of them, though the AL still have a little ways to go before being truly on par with the rest of the Rebellion factions. The VR are now MUCH closer to being balanced with the changes to jumping starbases, though I would suggest a larger hit to their damage and a penalty to their armor for the 60 seconds.
I also like the new loading screen (have not seen it yet, but I know it will be awesome).
I like the crash fixes and fixed textures on the Eradica and Vorastra (not sure what was wrong with the Vorastra, though).
I like the changes to superweapons and corvettes.
I do not like the buffs to the Eradica. It was already pretty crazily powerful. The AR will should have some gentle nerfs to the Eradica and minor buffs to some of their other techs in the next update.
Things that still need work:
The Vasari Rebels could use a bit more of a debuff on their starbase for those 60 seconds.
The AL need some help in other areas, now that the Coronata has some punch to it.
The AR need some nerfs on the Eradica and some buffs on other techs to make them less of a one way faction.
The TL still need some buffs. The additional superweapons is a good start, but by no means the whole thing.
That's about it. Great job on the update, StarClad. Keep them coming.