Merchants of Brooklyn Release Issues

Immediately after Merchants of Brooklyn hit Steam yesterday, many users were reporting serious issues with the CryENGINE 2-powered PC shooter. Unacceptable sound quality, terrible framerates, deleted saves and a bug that entirely eliminated the HUD were among the various complaints. Here's an official statement from Paleo Entertainment:

We are fully aware of the problems that occurred with the initial release of M.O.B. Unfortunately, the incorrect version went up on Steam. The Alpha version was released initially, this has been corrected. Please log in/log out of Steam to receive the correct version of M.O.B. We will be patching this game periodically to correct any issues that arise, as well as new and exciting features and multiplayer modes! We apologize for any inconvenience, and appreciate any input that you have.