Is it just me or does 1.05 not look as good as 1.04? Something about the colors and atmosphere just doesn't feel the same.

I personally love it, I think it's a huge upgrade overall, although the wood looks a little... odd to me with the new shaders hahaha. I think it's all really just preference, but I love the new shadows/shaders and how they mesh with the day/night cycle.

Check your game settings, it probably defaulted to a lower setting.

I think it's just a matter of personal preference. I suppose I'll get used to it.

The colors are a bit white-washed during the day, but that can be attributed to the day/night cycle. A few tweaks to the world lighting would fix it. If you ask me, the water is gorgeous. A bit dark for my taste, but it's supposed to be that way. When night rolls around, the shark is even harder to spot. The game is a bit more difficult because of it. Creating lanterns is a must.