Yes, I've been excited about the fishing update! At some points during the winter, when my compost isn't really making progress on rotting due to the cold, I have entire stacks of bushmeat (and pelts) sitting around waiting to decompose. I haven't really dipped my toes into catching fish yet but it'll be great to get some use out of all the bushmeat.
Also, realized I never mentioned my strategy for actually fighting wolves and bears. Simply... water. I give the creature a good slap on the rump to get it going, run to the nearest pond or lake, and swim backwards in circles while poking with a spear or other weapon. With this method I've been able to take out bears with just a flint spear and no armor on day two, but it's risky.
Of course it's no longer necessary to run once you have decent armor and weapons! With iron-tier plate armor I can go toe to toe with a grizzly and have no issues.
As for the pit: so far I've gotten five adult wolves, a pup, and a bear down there. I haven't noticed any decrease in predator spawns just yet but I'm hopeful! Do we have any idea of how far the game checks for existing wolves/bears when attempting to spawn new ones?
(Ignore the dead rabbits and deer, I felt bad and chased some food in there for them.)