Exclusively on Terraria Online, 505 Games has posted some of the most frequently asked questions about the console version:
Who is 505 Games and how did the console port come to be?
505 Games are a global publisher of videogames. We are huge fans of Terraria and approached Andrew to bring it to console.
What is Redigit's involvement with the console port?
We want to make sure everything we do is true to the Terraria world and has his blessing. So he sees everything we do and want to do.
Is that really a Whale?
Yes! And, there's more to come too!
What will the price be?
This hasn't been set yet, so we'll let you know as soon as we can.
What will the release date be?
Early 2013 – exact date will be confirmed over next few months.
For the full FAQ, head to their post! Find out everything there is to know about the game at the Official Terraria Wiki, including a list of confirmed future additions to the game.
The Terraria team often posts small teasers and discussions on the Terraria Online forums under the name Redigit, and now 505Games, so for the most current updates from them be sure to follow their activity there! You can also find guides, maps, server listings and everything you need to make your Terraria experience complete.