Coming from WayForward...

Deleting and redownloading MSF will result in a loss of data, and you'll end up with the old version again. Hold tight, we're working on it!

Shouldn't pose an issue for too many people. WayForward has also said that some people are having trouble getting the update. They're aware of this issue as well and are working to fix it. Good to know WayForward is already working on a solution.