"The reception for Magicka has been better than we dared to hope," said Paradox Interactive producer Shams Jorjani in the press release. "Single player and LAN is what most people are currently playing but updating the multiplayer lobby and continuously improving the game is our top priority."
The team at Arrowhead Studios is currently looking into bug reports from the community and promises more announcements to come. The first of its updates came just last night, with a variety of tweaks and improvements.
Good for them.