King's Watch isn't empty, there's enemies, bosses and dead ghosts in there. There's also dead ghosts in Terminus. Look delude yourself all you want, reskinned/renamed content is not now, nor will it ever be considered "new". A vendor doesn't count as new content because of 2 or 3 vanity items. He also had the exact same things during beta, so nothing new there either. So far there has been absolutely nothing that can be considered "new" content.