Gearbox Software has announced that a version 1.01 patch weighing in at 53MB is available for the PlayStation 3 and Xbox 360 versions of their recently released Borderlands. The patch improves load times, correct’s Lilith’s Phase Strike ability, and fixes a lot of other bugs that players have been reporting.

The full list can be seen below.

PlayStation 3 Fixes

• Load times have been improved
• Lilith’s Phase Strike ability now works as intended
• The introductory quests with CL4P-TP should now always progress properly
• fixed a bug that caused the digger elevator to be unusable after completing the Find Tannis mission
• Weapon mapping to the D-pad should no longer reverse left and right
• Fixed a crash when ejecting the disc during the autosave warning splash screen
• Players in a lobby should no longer experience long loading when starting a game after one player leaves
• A bug which caused players and other things in the world to appear incorrectly on clients in networked games has been fixed
• Fixed a bug in which players gibbed in arena combat disappeared
• Changed how space required for saves is calculated
• Fixed a bug which caused the dollars counter to spin continuously
• Various localization and other text and tooltip correction

Xbox 360 Fixes

• Fixed a bug which caused players and other things in the world to appear incorrectly on clients in networked games
• Fixed a bug in which players gibbed in arena combat disappeared
• Fixed a bug which caused the dollars counter to spin continuously
• Fixed a bug that caused the digger elevator to be unusable after completing the Find Tannis mission
• Weapon mapping to the D-pad should no longer reverse left and right
• Various localization and other text and tooltip corrections
• The introductory quests with CL4P-TP should now always progress properly all the time
• Lilith’s Phase Strike ability now works as intended
• Load times have been improved

Borderlands console patches go live, Lilith gets some loving [JoyStiq]