Good news: Microsoft just issued an updated version of Outlook for Mac. (I guess that’s the official name, as opposed to the older Outlook 2011). The list of fixes is pretty nondescript: you can change calendar colors, add alt-text to images, and use custom AD RMS templates. I suspect most of the effort for this release was actually focused on the “Top crashes fixed” item in the KB article.
Bad news: you have to manually download it from the Office 365 portal. The AutoUpdate mechanism shipped with Office 2011 doesn’t yet know how to handle updates for Outlook for Mac. I suppose Microsoft could either update the Office 2011 AU mechanism or ship a new one as part of a future Outlook update; presumably the latter choice would actually deliver the Office 2015 update mechanism, since there’s undoubtedly going to be one.
The real news here is how quickly Microsoft released this update. While this is only one release, it’s an excellent sign that we got it quickly, and it makes me hopeful that we’ll see a steady stream of updates and fixes for the Mac Office apps in the future— with a cadence more akin to the Lync Mobile clients releases than the glacial pace of past Mac Office updates.