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I actually did just that. I played NMS on launch, and repurchased it when this update went live. Started on Survival, and it's really rough. Even with my past experience with the game, starting on a toxic planet, with life support constantly failing, makes for a very stressful experience.
To the point where I am going to restart on normal. I just didn't think it was going to be quite that ridiculous in the beginning.
I'm still looking forward to restarting, and seeing all of the new stuff!