Would anyone recommend downloading the wallet or waiting for the new updat? Thanks
Up to you--there's nothing wrong with the current wallet version, other than having to take 2 extra minutes to add some nodes. It's easy to update an already-installed wallet, but if you don't feel like doing so, 1.3.4 should be out in less than a week so you could wait if you prefer. But there will always be occasional wallet updates, so at some point in the future (assuming you hold your XSPEC) you'll have to go through the upgrade process regardless. Anyway, it's really your personal sense of the cost/benefit of getting your coins into your own possession ASAP, vs. saving a few minutes of download/installation/pain-in-the-ass time.