From my understanding the week 1 re-work with take the first 7 days of the game and spread out events over a 3 week period of time. There will be some new events, some will be the same and others will have a new look/feel to them. I am not sure if this will require us to start fresh or if we will be able to just answer some questions to pick up at the latest update.
I feel BD is doing this since there was a lot of complaints about how much the MC does in one day, and some other factors too. I also think we should start to see events per day slow down going forward too. I think maybe not until day 11 though as day 10 sounds like there is a lot there still considering what we have seen so far in the beta, and knowing there is the first actual game to see too.
The new update could be early March or mid March we just don't know. I would think that the update needs to be tested, proof read as well as any final renders/animations/script. While I am a patreon I am not a top tier one so I don't know how he goes about all this stuff. We just won't know until BD releases the update to the highest level Patreon members first.
While it has been a long time since a full update, at least we got a beta to see here to hold us over until the next full update. I know the game is not getting updates like it was early on, but when you want to improve your craft it only takes longer as you are always looking to learn new things to improve. I mean come on look at day 1 come pared to the beta there are tons of improvements. The nice thing is BD stays in communication with his patreon members and even interacts with us here sometimes. This is much better than some other devs who just go silent and say nothing to their fans and supporters.