I really hope they slow down with the updates for a while. Hell, I've only had the game for about a month, only have 10% of the achievements, and like no weapons... Still, it is cool that Valve is still updating their games. I might go actually play as the Engineer now... I didn't when the update was first released since everyone else was.
I do wish their were some heavy items, since that's my best class. Also, I'm afraid this may unbalance the game, since half the items are mostly cosmetic, only a few new weapons. Some classes are getting left behind. But Valve is really great at keeping Team Fortress 2 balanced, so hopefully it will get evened out.