Champions Online has launched its On Alert update adding several improvements to the core systems of the game along with a few new ones.  Included in today’s update is the addition of the new Questionite currency, the new Modification & Fusion systems, an all new Alerts system and more. The features list from the On Alert update page is included below for your convenience.

• Systems Update – We’ve updated the way most Statistics, Roles, and Super Stats work to improve the way statistics work together and provide for better game balance in the future. Additionally, we’ve re-itemized the entire game, improving the rewards available from levels 1-40, providing not only increased power, but also more meaningful rewards from both world drops and quests.
• Specializations – These new specializations allow for even greater customization for your Champions Online character - players can become even stronger than before! Unlocked at level 10, Specializations give you all you need to make an even more unique hero.
• Alerts – Focused on classic super villain confrontations, the new Alerts system allows players to come face to face with an array of old and new super villains, stopping them cold in their tracks! You might catch them in the middle of a robbery, kidnapping, wreaking havoc, or taking advantage of an unlikely situation to bring them even more power! Keep an eye out for your Nemesis and some new teams of Villains as well!
• Recognition – Champions will now be able to build up Recognition with various heroic factions in the Champions Universe and can use their newly found clout to purchase various rewards, including special costume pieces, travel powers, and powerful new gear.
• Questionite – A new time-based currency, players will earn Questionite for completing missions in game, daily quests, and other activities. Players may then use their Questionite to purchase in-game items through the Questionite Store, or trade it to other players for Cryptic Points!
• Modifications & Fusion – Our new Modifications and Fusion Systems further enhance the customizability of Champions Online. Through this new system, players will be able to modify their gear, customizing it with new modifications to provide more of the statistics they want, as well as fuse modifications together to create even more powerful mods.

Additional details about the On Alert update are available in the form of blogs, a FAQ and patch notes on the Champions Online website.

Source: Champions Online On Alert Announcement