UPDATE: 12:41PM ET | March 29, 2021
Patch 1.2 has now dropped as per a Twitter post from CDPR.
ORIGINAL STORY
CD Projekt RED’s most awaited major patch for Cyberpunk 2077 is almost here. The publisher and studio behind the most controversial game that launched last year in December has listed all the major improves and fixes in Patch 1.2.
Major problems on console-specific issues like items reappearing in the backpack after being dropped by players, a bug that zooms in after players pause the game on PS4 Pro and Xbox One X, and the graphical glitches with the Screen Surface Reflections and Temporal Anti-Aliasing.
It also lists streaming of asset improvements across all platforms.
Patch 1.2 also activates the use of the AMD Ray Tracing technology. AMD graphics cards owners should download the latest AMD drivers — Adrenalin 2020 Edition 21.3.1.
The list of improvements and fixes is actually pretty long, you can read the full-blown list on the Cyberpunk 2077 official blog post here.
However, please do note that with the prior patches, new issues may appear out of the blue and when they do, don’t forget to report them.
Source: Cyberpunk 2077 Official Website