According to irc interview hosted by inCrysis and Nvidia the first patch will be out in 7-14 days. Cevat Yerli, CEO of Crytek and Roy Taylor, Vice President of Content Relations at NVIDIA confirmed the fact that the patch is scheduled.
warfjm: When can we expect the first patch to release?
Cevat: We are collecting up all the user feedback now and planning patches that will address as much as possible as fast as possible. The first patch will be out in 7-14 days.Source : inCrysis.com
Other Source : Shacknews.com
