Topics du jour include a slight delay for the implementation of Summoner egis glamours, healer accuracy, the next two patches, the Alexander fights, adjustments to the PvP Feast, upcoming player apartments, and a possible collaboration with Phantasy Star Online 2. Good news for Fenrir lovers, too: The mount will indeed fly come Patch 3.3.
The letter also contains over an hour of an interview with Lead UI Artist Hiroshi Minagawa and his contributions to the game. You can read the quick-and-dirty digest of the letter on the forums or watch the feature-length film version below.
Source: Letter from the producer