World update is live now, and it fixes an issue with players not getting the Celebration Item Pack.
As for the Squad problems on PS4, Capcom says it's addressed the issue where Squad features would be rendered inaccessible and players would be told, "Failed to retrieve squad information".
Non-squad members will no longer be able to join Squad online sessions unless they have a friend invite or an online session ID search. A lot of niche Japanese titles have taken on new life thanks to PC ports, so I have a feeling Monster Hunter will blow up when it finally hits Steam in the fall.
Meanwhile, on PS4 the squad issue has been fixed, but as a result players who experienced the bug will have their data reset, and any players whose squad leaders have had their data reset will also have "any affiliated data disappear the next time they log in".
Fixed an issue where some players could not claim the item pack "5 Million Celebration Item Pack".
In some conditions, decorations were lost - fixed. Capcom also made some changes to the Light and Heavy Bowguns, increasing the power of some basic ammo while decreasing the power of the slicing ammo.
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Normal Ammo, Pierce Ammo and all elemental ammo have their power changed.
Fixed an issue where, rarely, uninvited non-squad members could join a Squad Online Session, or squad members could not join one of their own. You can also now only hold 30 Slashberries in your Item Puch rather than 60.
To its credit, Capcom acknowledged the Xbox One issues promptly, and released an update last week attempting to remedy the problems. Capcom's development team works a lot to solve all issues in the "Matchmake" option.
Regarding the Xbox One Matchmaking, they have apologized for the inconvenience and that they are working on it tirelessly. It also makes some balance changes-hopefully you weren't too reliant on Slicing ammo.
"And in case you haven't tried this yet, it's been reported that some hunters have had success using the "Matchmake" feature after setting their NAT connection settings to "Open" on their Xbox One".