Summarized from Wednesday's livestream with SteelStar:
KotC revamp:
* Favored weapons enhancement revamp similar to Warpriest
* Ranged weapons fully supported including ranged smite
* Knight's Training feat free
* Knight's Training weapons all treated as favored weapons
* Another free feat (not specified)
* Greatsword favored weapon for all level 3 paladins
* Dwarven axe for dwarves now favored weapon in T3 or T4 of racial tree
* Deity feats revamped -- now grants hit/dmg with all favored weapons not just the deity weapon
* Deity feats consolidated -- intended to make it easier to change deity feats with Fred; will be automatically applied to toons that already have diety feats
* Lots of number/DC tweaking
There are also THF changes, but details were not provided.