The only improvement I've seen is now the killcam has slightly more sound (though it's still grossly inaccurate).
The lag is even worse than before. I've played several games with the new patch, It took me even longer to get into a game with only 6 people in it (TDM) and now, It used to lag like, I shoot a guy and I kill him most of the time, But most of the time I got killed in one or two shots (Not that the enemys shots weren't rendering, No, Sometimes he pops out of a corner, 1/2 second later I die), But with patch 1.02, The same thing happens, But now my shots don't hit most of the time, Like in the glasshouse on Skyline, From across the house (which is only a few yards, Shotgun range in any non broken game) I pumped literally a whole magazine into him, Not one hitmarker, And he kills me on one shot. This never happened before. Not only that, But the framerate seems slightly worse, Making an already unplayable game even worse.
If I wasn't trading this "game" in yesterday, I sure as hell am now. You aren't getting one cent from me ever again Crytek, Companies like you deserve to go bankrupt.