This is the most anticipated update with ETH and a fork, actually it already started phase by phase and hopefully to address some issues with a higher fees and a slower transactions. The updates should bring the good luck to the project especially if its successful and as far as I know, it has nothing to do with ETC so you can stop thinking about it. We have to see this updates over time, and I’m hoping for this to succeed so we can see a better ETH platform than ever.