Can anyone confirm this?

Yes.

Videos with proof, thread discussing it.

Dragons also decided to get [censored] faced last night and now half fly backwards.

Not necessarily.

I'm on Xbox 360, and my resistances are in tact and I haven't seen any dragon doing any air moonwalks yet.

Maybe I'm the only one.

i havent noticed anything on my newly started game on the 360.

i tried hitting a flame atronach with a firesword i had, and either it was resisting or i wasnt doing much damage.
i would have expected a giant chunk to be coming off with the sword+elemental damage, but it wasnt doing it.

but ultimately my bosmer didnt actually care if it was resisting or not and calmy stuck two digits into the air and wandered off to the next cave.

Yes it has for me, on master difficulty, made the game quite unplayable, elder dragons do stupid amounts of damage without resists, mages usually 3-4 shot me now without my resists.

But the upside is that the enemy has no resist to magic, pity I don't use destruction.

From what I've heard, it sound like new games won't be affected, but that save games are. Would need more people to verify that, though. My character doesn't do magic.

I just made my new mage last night with 1.2, so far everything is running normally and just finished bleak falls barrow. From what I'm reading I'm scared to go home and play tonight and running into problems like no resist and bugged dragons. I also fear any new patch they throw out now :s

Is it possible that the patch only breaks things for current characters and not characters created after the patch? Reason I ask is that I have all the patch problems with a character started before the patch. But I started a new character after the patch and everything is fine. Resists work, no backward dragons and you can't kill flame atronachs with fire. Just a theory that maybe the patch doesn't work right with old saves/characters.

Try using fire on a flame atronach.

That might be how to avoid it, but i (And many others i think as well. ) do not wish to restart our character(s) just to get everything working. A patch should not mean having to restart your character over every time a patch gets downloaded. The fact that enemies suffer from the 0% resistance bug as well makes things equal but it should not have happened. I can not say anything about Dragons flying backwards and such because none of my characters have met a dragon yet.

Besides from a initial starting problem with the game and the 0% resistance bug, i think everything else so far seems to go smoothly. (Then again i am no expert so what do i know. )

I'm getting 1 shotted by mages again so its definetly broke, even at 80% resistance.

Yea my Flame conjure dies to Fire.. does that mean I'm bugged?

My flame astronach died from liting fuel... I really hope they fix it asap

I actually came here looking to see if something happened to resists after the patch. I'm level 42 and even with 140% resists from gear I'm suddenly getting 1-shotted by any random NPC that can cast a spell.

From my limited experimenting I think the individual elemental resists (Frost, Fire, Lightning) are fine but the stat literally called "magic resist" isn't working.

Have they made any statements regarding a fix yet?

Todd Howard probably saw our hates on Skyrim and decided to torture us with a non-working patch. I haven't played the game hence the fact it felt so repetitive... and so much more closed, unlike Morrowind or Oblivion where you can make bazillion characters and not get bored of the starting... Well the prison... but doing all the quests no. I made 3 characters, and only kept my main.