"During a panel at PAX East today, Gearbox revealed that Borderlands 2ís level cap will be raised on April 2nd for Xbox 360, PlayStation 3 and PC players. The cap will add 11 new levels (bringing the total to 61) and will be free to Season Pass holders (or $4.99 for everyone else).
Along with the level raise, Gearbox will also be adding a new weapon tier: Pearlescent. Pearlescent weapons were previously seen in the original Borderlands and will be the rarest loot in Borderlands 2.
On April 2nd, Gearbox will also offer a new mode called Ultimate Vault Hunterís Mode as a free update to all players regardless of whether theyíve purchased the level cap raise. The mode will be available to anyone who has beaten True Vault Hunter Mode and reached level 50 and will have enemies scaled to the highest level in your party.
Gearbox emphasized that the level cap upgrade is not the final piece of the Borderlands 2 season pass and that a fourth campaign is still set to arrive before the end of June. More information on the level cap increase will be announced before its release next week.
Elsewhere in the panel, Gearbox also revealed a new playable character named Krieg."
all I can say is, woooooooohooooooooo!!!!