While we love Sacred 2 here at Cathode HQ, there is quite a bit that we'd love to see fixed, not the least of which being to actually trade items with each other in offline coop. A European patch was rumored to have been released, but a recent post at the forums for the US publisher, CDV, indicates no release date and please stop asking since they have no control over it.
When I tried to contact Ascaron, the developer, on it, I got rather swift, possibly automated, and somewhat ominous reply:
the support for this game will be terminated on the 29.05.2009.
Sincere thanks to everyone who has supported us. We have had a fantastic time, and could not have done it without all you.
Your Ascaron Technical Support Team
so long and thanks for all the fish ...
Update: Looks like a patch was submitted to Sony. Ascaron maintains console patch status in a forum post (even if you can't them via email)