The changelog for WhatsApp v2.11.490 is listed as:
- Chat backgrounds
- Broadcast lists
- Privacy settings (settings > account > privacy)
- Media auto-download settings (settings > chat settings > media autodownload)
- Custom notification tones (Windows Phone 8 Update 3 required)
- Various enhancements and bug fixes
I have to confess that I can't use WhatsApp - the tie-in to a particular SIM card and installation means that it quickly becomes untenable for anyone who swaps SIMs and devices often - definitely a First World problem!
But WhatsApp is very popular across the world and it's great to see it back on Windows Phone and with a fuller feature set.
You can download or update WhatsApp here in the Store. Comments welcome if you use WhatsApp regularly - is the Windows Phone client right up there with the iOS and Android versions?