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Here's the official change log:

Today we issued a software update for BlackBerry 10 smartphones that’s focused on your feedback. It’s already available from some carriers and we’re working closely with all our carrier partners to get it to you as soon as possible.

It’s almost been a month since we officially unveiled the new BlackBerry 10 smartphones and many of you already have a BlackBerry Z10 in hand. You’ve been using it for weeks, and we’ve been listening to your feedback, and have been working on an update just for you. Here are just a few of the improvements you can expect after updating your software.

3rd Party App Performance
We’ve improved performance for 3rd party applications, so developers can build apps that run fast and smooth for you. With this update, you might want to keep an eye out for some fresh new app launches in March, like WhatsApp.

Phone, Calendar, and Contacts
Among the top improvements and features are fixes for Gmail calendars on BlackBerry 10. You’ll also find improvements in the BlackBerry Hub for logging calls log and how conversations are handled. We’ve also made general improvements to importing contacts from online sources.

Camera
We’ve optimized the camera for better photos in low-light situations. You’ll love the difference this makes for photos where you don’t use a flash – like the Time Shift Camera feature.

Browser and Media
With more and more of you using the gorgeous screen on the BlackBerry Z10 to consume online videos and media, we’ve made a number of improvements to the software in the way the browser handles video playback to provide a fantastic experience.

Battery Life
The software team has included a number of battery life optimizations with over 60 battery saving improvements since launch to keep you moving. These combined improvements are designed so that you see improvements in battery life and heavy users especially should see a longer average usage per charge cycle.

How to update your software on BlackBerry 10
Software is available over the air (OTA). Typically, you’ll get a notification about new updates, but you can manually check to see if it has been made available by your service provider and install it in a few simple steps.
Settings> Software Updates> Check for Updates> — then follow the on screen steps to install.

The download is approximately 150MB in size, so I recommend updating when connected to Wi-Fi.

There you have it – the first OTA update to your BlackBerry 10 smartphone. We’ll be rolling out the update with all of our carrier partners around the globe over the coming weeks. Be sure to check it out when it’s available and let us know what you think in the comments below. Your feedback is always welcomed and we will continue to listen as we update and improve BlackBerry 10.

BlackBerry 10 software updated to 10.0.10.85: Top 5 Improvements «Inside BlackBerry - The Official BlackBerry Blog

Edit:

Here's some more minor features that were updated:

tweet.jpg

[Joel Hill]

Right on! I've really been looking forward to reading the official change log. Much more extensive than I thought it would be! It looks like a lot of effort is being put into listening to users and developers alike.

Posted via CB10

[wing2299]

Hopefully they will have the change log for every software update from now on.

[tfb4me]

Awesome Thank-you BlackBerry!

[Shifty88]

Awesome! I'm excited to get to testing out the camera and to see if my battery really lasts any longer! Thanks BlackBerry!

Posted via CB10

[Dzyen]

Nice, thanks for the link !

[Midnight City]

Woah!!

They really are listening!

[Masahiro]

Looks like BlackBerry addressed a good chunk of the early complaints with just one patch. All that's really left to improve upon are the notification customization options...and apps which are a little beyond their control.

[sheeraz_aa]

Just wondering is that symbol bug fixed? How it shows something else other then quotations.

Posted via CB10

[ralfyguy]

I'm truly impressed how quickly almost all quirks and bugs found so far have been addressed.
I applaud BB for the stellar job. I hope they keep it up.
Now bring on some more missing features we had on the old BBOS.

[sandman10]

(THE NEW) Blackberry is indeed back!!!

[jvlatchwk]

Thanks, Blackberry. Even Facebook seems to have improved (or I was sleeping before)

[xamdam]

Awesome fixes and improvements so far blackberry z10 still blows away they competition.

Posted via CB10, BB10, Z10

[koolrosh]

3 weeks seems very fast for all these bug fixes. Not to mention that we will be getting a big update (10.1) in March. BlackBerry is doing almost everything right.

Posted via CB10

[MXBerry]

Very nice to see that BlackBerry is rolling so fast the update! Can waite to get my Z10!!!!! Hopefully next week!!!