The announcement of Terraria 2 doesn't mean Terraria is now to be left as-is. While an update on par with 1.2 is unlikely to be seen again, Spinks said he is thinking about a Halloween update and "finishing the endgame progression" in the next few months. He has looked into the possibility of "hiring another small team to continue updates while I move onto Terraria 2" and considers that a potential option, which should be encouraging to Terraria fans who are hoping to see the game continue to evolve.
From the front page of the wiki. I doubt the endgame progression is complete yet, as the Golem is far too easy and progression still feels unfinished as a whole.
Lol i'm pretty sure Red didn't make the console version updates (sorry if i'm wrong) , plus console version's stuff sucks not fair that we give them amazing stuff for crappy stuff. this is all in my opinion so don't get butt hurt about it , everyone has an opinion :)