Yes, the big 7.2 update for Rappelz is now up, adding in a new dungeon, a new pet, and the new pet stable system. Now you can put your collections of centaur-demon-things in stables and let them accrue experience while you go and fight fanatic monks and ice queens. More details on the features can be seen in my previous post on the subject.
Unfortunately the update does not include the pet breeding system. Still waiting on that update. In the meantime, check that dude’s crotch-spike. Very impressive.