Armor/Weapon Honing abilities now give +3 hourly bonus with an additional +3 at max level. However, they now come with an inactivity decay. So for every day you aren't logged in since your last login, you will receive a -8 to your hourly bonus. Ability levels 4 and 5 get a 1 and 2 day grace period respectively. They also now give a flat +1 xp per armor/weapon hit in all PVP/PVE.

You can see here (link) but here's what it looks like for someone with a maxed honing ability to go from level 1 to level 5 with an item:

XP/hour = 18 | 156.25 days at Level 5.
(281.25 days for avg daily [no ability])
(100.45 days for average daily active attacker)
(96.98 days for average daily active attacker with ability and +1 WL pvp xp)

[Day 1] + 432 | ItemXP = 432 (Lv. 1 )
[Day 2] + 432 | ItemXP = 864 (Lv. 1 )
[Day 3] + 432 | ItemXP = 1296 (Lv. 1 )
[Day 4] + 240 | ItemXP = 1536 (Lv. 1 )
[Day 5] + 48 | ItemXP = 1584 (Lv. 1 )
[Day 6] + 0 | ItemXP = 1584 (Lv. 1 )

You will now receive a Combat Log message regarding your hourly gains. The Status Effects module now only shows when you have any status effects active. Also, status effects have been centered... you're welcome.