It appears to have affected wands. In conclusion, any weapon I modified, renamed, or spawned outside of the Creatures and Items Panel prior to the patch has had their range reduced to 0. Staves have not been affected as their range comes from an ability and are otherwise melee weapons.
Upon further inspect, it appears that all weapons have their range reduced to melee weapons. However, spears are reduced to normal melee range as well. Note, that these are only for weapons I exported or saved or had prior to the patch that weren't straight from the Creatures and Items Panel. So essentially, I have to manually re-equip a bunch of my assets (monsters) that I exported (saved for later use). Any help or assistance would be much appreciated. (The two paragraphs here are due to the fact I can only post once every thirty minutes and this second paragraph comes after more testing. This is the reason for the change in tone and subject).