More info on this at http://www.terrariaonline.com/threads/1-2-4-changelog.143548/

Along with this update I have (in a very timely manner) updated the server. This, however, means I have very little ingame control of what is going on, because TShock isn't up to date with 1.2.4. Once that comes out I'll let you guys invite friends, but for now, use the password to the "{PR} Clan Members" to access the server. This should give some incentive to not throw around the password so if someone drops by and enables hardcore within 3 days then I know it isn't a random person finding the server. This wont be permanent and will only last until I get TShock for 1.2.4.

Also check by the rules really quick to get a general assessment of whats on the up an up.

winbox.pr-gaming.net:7777