If you missed the changelog here is the link.
1.11 changelog
Mine is still downloading when I start up will I have my clothes and swords back???
If what I have been reading is correct, both of those issues should be resolved. Those were the two that kept me from playing so I hope I understood what was being said in the forums correctly.
I have seen reports of some 1.10 changes from the PC group that seem to indicate that a few of the fixes cannot repair an already existing Failed Mission segment, so unless the mission has not already been started some people are going to have to locate an old save to get past that issue.
In the case of the missing equipment, it may turn out that we will need to go back out and get the plans and remake or repurchase them - no one from CDPR has said how exactly it will work. This should repair all the compatibility issues with the various DLC that were bugged after 1.10, the armor and weapons included.
I am also of the understanding that you will need to go back to a 1.08 save to allow the updates to take effect; no one from CDPR has actually said if this will repair an existing 1.10 save game or not, but from what has been discussed here, it does not seem likely.
Other than that, I believe you and I (or our bugs) should be good to go once the DL is completed.
Perhaps we can get Marcin or someone to actually come on and let us know some of the details of how these will work. (hint, hint).
Good hunting mate!