Originally posted by jonnin:

I would hope that we just get a wider variety of buffs and mix/match of the colors and such.
I am not sure its OP

It isn't, it's just an upgrade over the existing capes. Ideally we'd have more styles as well as functions to choose from, but it's not an actual issue at the present. Cosmetic stuff shouldn't be a priority in early access IMO, and there's still two more very different biomes left.