List of things banned: Everything new that was nice
List of things unbanned: Nothing important or close to relevant because you'd be high to try and play Dredge in Modern
ARTICLE - FEATURE JANUARY 19, 2015
JANUARY 19, 2015, BANNED AND RESTRICTED ANNOUNCEMENT by Wizards of the Coast
Announcement Date: January 19, 2015 Effective Date: January 23, 2015 Magic Online Effective Date: January 28, 2015 Modern: Dig Through Time, Treasure Cruise, and Bir...
List of things unbanned: Nothing important or close to relevant because you'd be high to try and play Dredge in Modern
Smooth one, WotC.
Focus: Omnath, Locus of Mana EDH.
Dig Through Time, Treasure Cruise, and Birthing Pod are banned.
Golgari Grave-Troll is no longer banned.
Legacy:
Treasure Cruise is banned.
Worldgorger Dragon is no longer banned.
Vintage:
Treasure Cruise is restricted.
Gifts Ungiven is no longer restricted.
The complete list of all banned and restricted cards, by format, is here.
Next B&R Announcement: March 23, 2015
Damn you Wizards. Dig Through Time? Really?
Storm Crow is strictly worse than Seacoast Drake.
Let's take it here, folks!!
http://www.mtgsalvation.com/forums/the-game/modern/584965-current-modern-banlist-discussion-1-19-2015-update