Best Blowout Support Event 2017 until July 04 (Europe) or Aug 23 (USA).  

WAYI has updated Taiwan Granado Espada to v10.17 on July 25, 2012. It seems like Taiwan has the most  advanced game edition after Korea and Japan. The game client can be downloaded hereSee the mini-site GE王者之劍:完美女僕歡迎您的到來! for details.

[Event] Support the Frontline - July 25 to August 29, 2012
Talk to Racel in Coimbra to get 1 event quest per day to collect specific items, such as Wolf Meat, Ring Crystal, Dragon Heart, etc. The rewards include EXP Cards and Training Cards. After completing 25 quests, the reward will be Racel Character Card.

[Event] Dr. Torsche's Treasure - July 25 to August 08, 2012
Talk to Dr. Torsche to start a event misssion once per day. Defeat up to 14 boss monsters, which drops 1 treasure chest each. Talk to Dr. Torsche for reward. The more chests you recovered, the better the reward, which includes Promotion Recipes, EXP Cards, Boost Potions, Sewing Kits, Soul Crystals, Principal Ampules, etc.

[Event] Returning Players' Incentives - July 25 to August 29, 2012
Players who have not login to the game since May 31, 2011 can get freebies if they login once from the event period. The freebies are Extra Vault Space (800) for 30 days x1, Strength Potion (Event) x5, Warp License (20) for 30 days x1, Premium Wings Coupon (Event) x3, and Home Premium Service (Event) for 30 days x1.

[Event] Free Character CardsJuly 25 to August 29, 2012
Each new family created after update will receive free character cards for Grace Bernelli, Emilia, and Brunie.

[Event] EXP Boost - July 25 to August 29, 2012
EXP rate has been boosted by 100% during event period.

Magic Circle 31 (Korea) has been updated until August 08, 2012.

Archaic Academic Style • Costume + Hair for Ralph
Previously released in Imperial Wheel V: Feb 2012 (Japan)

Party Dress - The Zoo • Costume for Ludin
Sugar Snow Hair • Hair for Ludin

Imperial Wheel V (Japan) has been updated until August 01, 2012. Scarlet Admiral Costume (F/Mus) is also included among the loot. See GMガイズの新34等級武器・コスチュームご紹介 for more weapon details and costume screenshots. In addition, the chance of getting +8 weapons has been reduced by 1%. See 武器交換チケット「付与強化値確率変更」について for details.

Soul Bringer Set
[Soul Bringer] Stance Book • Enhanced [Soul Bringer] Stance Ring

Jormungand Pet Set
Pet Box (Black Dragon) • Pet Food x50

Black Dragon Javelin 
Weapon Costume • Javelin

Black Dragon Pistol 
Weapon Costume • Pistol

Black Dragon Sabre 
Weapon Costume • Sabre

Evil's Regret
Weapon Costume • Tonfa

Abyssinian Summer Costume Set
Body Costume + Hair • Veatrice

Mary's Summer Costume Set
Body Costume + Hair • Mary

Baby Doll Costume
Body Costume • Catherine (Summoner)

Rad'light Javelin
Javelin • ATK Rating 34 • ATK 295
ATK Speed +10%, Critical +10
[Focus] Buff • ATK Speed +10%, Critical +50, Penetration +15

Feoh'light Rod
Rod • ATK Rating 34 • ATK 335
ATK Speed +10%, Mental RES +10, Magic Penetration +5
[Wasting Power] Buff • Depletes SP for increased damage

Sigel'light Leg-Guard
Gaiters • ATK Rating 34 • ATK 175
ATK Speed +10%, Absorb HP 5%, DEF Penetration +5, DEF +8
[Check] Buff • ATK +10%, x2 damage to [Menace] debuffed foes

IAHGames will be including Cadet Adriana character card in an upcoming event. Details are not available yet, but based on the screenshot provided by [CM] Calleigh here, it will be related to Singapore's National (Independence) Day which is on August 09 (Thu). So players can expect it within 1-2 weeks from now...

Meanwhile, there is Jack Space Bounty Hunter Event until August 02, 2012.

Update: The event is now available from July 26 to August 16, 2012. It involved hunting event monsters to collect alphabets to spell "Cadet Adriana", i.e. A x4, C x1, D x2, E x1, I x1, N x1, R x1, T x1... That's a lot of "A"; I hope the drop rate for "A" doesn't suck. See [sGE] Cadet Adriana National Day Event for details.

In v10.19.1, there are 2 changes that received attention in Play Forum Feature Articles.

[Darkness] Debuff Skills
The debuff skills from [Darkness] stance has been modified to be able to affect normal monsters. However, the probability of debuff on bosses is still near-zero. What's the point, really? Normal mobs die relatively fast, making it more trouble than it's worth to debuff them. Well, maybe if they will work on the mobs (e.g. Vampire Bats) in Lucifer Castle, which have stupidly high hit points... Supposedly, the skills will work on the mobs in Castilla missions as well.

The sample videos showed [Darkness] skills working on mobs in Red Sunset Forest, (Revised) Dr. Torsche's Mansion Annex, and Occulta Bounty Hunter mission. On the other hand, they didn't work on Demonic Necroshaman and Heavenly Vespanola Soldiers. See 몬스터들과 조우한 다크니스, 과연 for videos and details.

Improved Enhanced Stance Rings
Precious Metal Merchants can craft Improved Enhanced Stance Ring, requiring 2 Enhanced Stance Rings + 2 Elemental Jewels. These new rings can be enchanted with Stat +2 (STR, INT, etc.) and the following:
  • Melee Stance Rings - Max HP 1500-3000, Max SP 50-250, Shoot Damage Reduction 2-7%
  • Shoot Stance Rings - Max HP 1000-2500, Max SP 50-250, Magic Damage Reduction 2-7% 
  • Magic Stance Rings - Max HP 500-1500, Max SP 100-400, Melee Damage Reduction 2-7%  
Job Skill Rings can also be crafted, involving Veteran Enchant Chips, Black Oxide, and 2 Elemental Jewels. See 두 마리의 나쁜 토끼가 된 신규 스탠스 링 제작 for more details.

It has been more than 1 month since G1 announced here that they won't be patching to v9.5 due to issues involving contract renewal, and players are still kept in the dark at the moment (see here). Everyone is seriously bored right now already. I wonder if they are going to update only at the end of the year.... 

Screenshots from Accel World Episode 10 by UTW Fansubs

Anyway, I'm really not motivated about the game as it is right now. So rather than post translations of quests or missions, I will just consolidate a list of links instead. 

Side Quests v10.6
Five new sub-quests were added in v10.6. The rewards are nothing special, mostly just some Veteran EXP Cards. Check out the sub-quests at Japanese Wiki links below. Grace's sub-quest requires the completion of Grace's previous sub-quest, Secret of Prison de Joaquin. All others require the completion of the related characters' recruitment quests.
There are also some Korean articles on the new missions in v10.x. I will post the collection of links some other time. Meanwhile, IAHGames has released Adriana and Elisa for Singapore servers.

I have decided to translate an article from the Chinese site Blue Moon Waltz, since this may have significant concerns for many players on the English servers. See Lord of Elemental & Forgotten Magic Are Nerfed In v10.16.3 for the original article in Chinese.

In v10.16.3, IMC has reduced the damage of normal attacks for [Elemental Lord] and [Forgotten Magic] stances. The damage reduction was reportedly about 50%.

Players of Japanese servers have raised questions concerning the nerf, and the issue was referred back to IMC. The reply was that the previous normal attack damage was an "abnormal state", and the correction in v10.16.3 was considered to be the proper one. All regional editions of the game will receive the same correction when they update to v10.16.3. [Source]

Additional Notes
After the v10.16.3 nerf, [Activator] stance has the best normal attack damage out of all stances using elemental bracelets. After the clarification by IMC, the Japanese admin conducted a normal attack damage test against Lv.125 Sphinx, using the following standards: 

Family Level: 40
Character Level: Master Lv.10 (INT +30)
Weapon(s): +6 The Delphinus (ATK 40%, Penetration +18)
Buff: Lv.12 Principal, Steroid Potion (aka Boost Potion, Hrin's Potion)

The resulting normal attack damages are as follow:
  • Elementalist's pre-nerf [Elemental Lord] + [Flare] = 4,353
  • Helena's pre-nerf [Forgotten Magic] + [Flare] = 5,219
  • Catherine INT's post-nerf [Activator] + [Dream of Doll] = 5,122
This means post-nerf [Activator] damage is slightly less then pre-nerf [Forgotten Magic], but is still superior to pre-nerf [Elemental Lord]. The Japanese admin recommended players to switch to using [Activator] instead, and offered a compensation scheme available during a limited period.
  1. Catherine INT Character Card and [Activator] stance book will be available for sale at Leonardo for a total of 10,000,000 vis.
  2. Each family that has at least 1 Catherine INT character will receive Training Card G x33, Home Premium Service (3 days) x3, Socket Flux (Event) x10, and Enchant Sedative (Event) x30.
  3. Players who have acquired [Activator] stance book via quest may request a trade to any one of the other 3 stances for Catherine through customer service.* 
The above compensation scheme is implemented only in Japanese servers. Korean servers do not have such compensation, so you probably shouldn't expect it for Singapore or United States servers either. In any case, v10.16.3 seems like a looooooooong way off for G1.

P/S (*): This seems suspiciously like once you completed the quest to get one book, you cannot get any of the others?  For the quests to acquire Catherine's Expert stance book, see カトリーヌ: 教本取得クエスト (Japanese).

We couldn't be bothered to passive train any more, but a few characters still advanced somewhat since last journal entry... Vairocana (Ralph) reached Master Lv.3 from participating in assorted raids. Lolita (Claire) reached Master Lv.3 as well. Mystra (F/Wiz) and Alustriel (ETS) reached Master Lv.5 and Lv.2 respectively in Castilla Tower of Chaos. After running through Castilla Mine, Shotaro (Viki) was promoted to Expert Lv.1. His place was then taken by Archimedes (Jack) who reached Veteran Lv.9.

Why is Barret (Jose) missing a leg?!

The cannon users purchased Angel Cassiel's Cannon and L'Activite de L'Agate, upgrading from their previous +7 Conqueror Cannons. We also crafted a new robe, but it consumed almost 800+ chips and it still has crap enchantment... So Tethys (ATP) had to spam Occulta Bounty Hunts for chips, and the only worthwhile thing from roulette was Crafted Psychokinesis RES Necklace.

Mufasar dropped Recipe - Magic Leather Belt, and a crap load of rubbish like Lv.84 elite equipment and Lv.92 elite armor recipes as usual. We got War Prominence, Elite Daemon Slayer, and Recipe - Elite Le Noir (mus) from Legendary/Heavenly Gold Box in Crow Forest mission, as well as Golden Fists from Joaquin Underground Prison.

Nothing much to say, really. Since there was no update, it was just the same thing day in and day out...

The last boxes of the series - Raiden's Dominion And Quinzel's Legacy X (250 Gold) - were released on June 20, featuring Angel Dagger, Jewel Great Sword, Dragon's Eye Bracelet, and The Philosophy of Ventuamos (rapier costume). The maintenance patch also added textures and models for Fallen Angel's Curse Weapons and a few others (e.g. Assembly Bangle). When Arcana Weapons become available, they would probably be the nerfed versions mentioned here, i.e. with the skill level increase replaced by ATK +5%. See Web Games labelled posts for more on these weapons.