There have been a lot of rumors flying around lately that v1.10 is nearing completion, but there are always rumors about that. Well this time it's different. We have confirmed with a source at Blizzard North that it's true. The v1.10 patch is complete and will be released as soon as the final round of QA testing checks it out.
There is no ETA, so don't get excited yet, and if more bugs are found by QA then the patch would still need work, but this is essentially a "feature lock". As a bonus tidbit, we were told that one or two skills will have new graphics. We don't know which.