These are critical items to get right, w/ UI especially requiring a good bit of iteration - including making sure that it plays nicely w/ various control setups (KB+M, Gamepad, etc.) We expect this will take a bit of time to get just right - but we're really seeing good progress!
The talented people at @DRStudiosUK have been focused this week on development efforts on Console Terraria! They are optimizing the UI for use on larger screens/TVs as well as working on achievements