Yes, the Xbox version is getting the patch, and MS got it awhile ago. Lar mentioned in the 'next patch' topic one of the reasons for the delay was having to test the patch against all the different release versions on both the PC and Xbox.
The Xbox demo can out a couple days after the PC demo, so hopefully MS is just putting the finishing touches on the release; if not, I wouldn't expect a huge delay, or Larian/DTP probably would have mentioned that with the PC patch announcement. I don't think the PC digital distribution patch versions have been released yet either.
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