“Milestone II will include a new server progress goal as with the previous milestone, and a new leaderboard. While most of the content in milestone II will become available after the server progress goal is reached, right away you’ll be able to purchase weapons of the blessed blade from the Zariel’s favor vendor for 10,000 Zariel’s favor. Whether you’re gearing up an alt characters, or you missed out on them during milestone I, you can safely farm for the weapons at your own pace going forward.”
Notably, this patch is also the one set to tweak the lowbie leveling experience and overhaul mounts, chiefly by reducing prices, adding collars, and changing how mounts are upgraded and decked out. Check out the patch notes for the details.