We just got basic crafting working. I spent today breaking our current weapons down into components used for crafting. There are also 4 basic materials used in crafting along with weapon components. What's not shown yet is mod components. These components will come from monsters you kill. Once mods are created you can craft them into a weapon.
We held back on our playable last time. We will try to get a build out by the start of E3. Stay tuned!