Professor Grayrose added something new to the patch notes:
I forgot to add something!
You will find a new setting in your Options panel under “Show Names”.
The selections are now
Everyone
None
Players
Non Players
All Others
This will allow you to only see everyone that is not a player, such as creatures, shopkeeps and items.
Yay!
Very useful. I usually go with names OFF when I am in public spaces. You kind of need them ON to see the primary schools of the monsters you battle – and this is the best of both worlds.