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Today, the Visual Studio 2012 Update 1 (Visual Studio 2012.1) is available for download. You can get it now via the Visual Studio 2012.1 download page (see "Visual Studio 2012 Update 1" under the "Additional software" section).
For an overview of the main updates included in Visual Studio 2012.1, please visit Soma’s blog. As he mentions in his post, “This [update] isn’t just about bug fixes, though it contains plenty of those (Visual Studio 2012.1 includes more than a 100 fixes to measurably address issues reported through Connect and Windows Error Reporting). This update delivers a wealth of new functionality into Visual Studio 2012, across all of our products.”
In particular, you can find a comprehensive outline of the new functionality available for Visual Studio 2012 Ultimate in the update on the Visual Studio ALM + TFS Blog.
If you encounter a bug or an issue, please report it through the Visual Studio, LightSwitch, and Blend Connect sites. As always, we want to hear your suggestions or feature ideas/improvements so please add your suggestions to UserVoice or vote on other user’s suggestions.
The Visual Studio Team