I'm now finishing the last version so I thought I'd post some screenies:
The older version had only a small village, well while that village grew quite a bit in the last 6 months.
Instead of having over 100 maps where the player would take hours to travel from one point to another, there is the overworld map where you can encounter monsters and also serves as a connection between the many locations the game will have as we develop the game.
The new combat system. The screenshot doesn't tell much, but as you can see each enemy will it's own stats that can vary from enemy to enemy. Obviously beating a level 5 enemy is harder than beating a level 2 one.
One of the new locations, you'll need to beat the first quest before you can go there.