An update to Kevin Bentley's Developer Notes on Outrage's Site has a beta of the version 1.2 patch for Descent 3. Thanks Karash. Word from the Outrage senior programmer on the new code is this:

In this build, the two major changes are to the input controls and to the network performance. Both changes should restore 1.0 functionality. There have been some server side bandwidth reductions in this build as well, which should really improve network performance.

Again, this is a beta test of the patch, not the final version.