New effects:

1. FilmDamage simulates aged film by adding scratches, dust, stains, grain, shake, flicker, etc. to your clip.
2. Rays produces light beams emitting from the bright areas of an input clip.
3. Cartoon gives cartoon-like looks with exaggerated edges and flat areas of color.
4. CartoonPaint is similar to Cartoon, but uses a paint brushed version of the input. (In the Cartoon plug-in.)
5. Posterize generates a contoured version of the input by limiting the number of colors in the source, and replacing detailed texture and noise with solid colors.
6. BleachBypass generates a stylized version of the source clip by simulating a bleach bypass process.
7. DogVision generates a dual color-channel version of the input image.
8. Vignette darkens the outer edges of a clip with various shape options.
9. WarpMagnify simulates a magnifying glass or lens over an area of the source clip. (In the Warps plug-in.)
10. Invert inverts the Luma, Chroma, Red, Green, Blue, and/or the Alpha channel of the source clip, and optionally remultiplies by the Alpha. (In the ColorOps plug-in.)
11. TriTone generate a 3-color version of the source clip. (In the ColorOps plug-in.)
12. QuadTone is similar to TriTone but generates a 4-color version of the source clip. (In the ColorOps plug-in.)
13. GradientRadial makes a smooth radial color gradient in an ellipse shape. (In the Gradient plug-in.)
14. TextureMoire creates an abstract Moire texture by adding together two patterns of concentric rings. (In the Textures plug-in.)
15. WipeRings performs a transition using a pattern of concentric rings. (In the Wipes plug-in.)
16. WipeTiles performs a transition using a pattern of growing or shrinking hexagons, triangles, diamonds, or stars. (In the Wipes plug-in.)
17. SwishPan performs a transition by panning one image off and another on with motion blur. (In the Wipes plug-in.)
18. DissolveGlow performs a transition while adding glow to both clips. (In the Dissolves plug-in.)
19. DissolveFilm performs a transition in a film-like color space to preserve highlights during the dissolve. (In the Dissolves plug-in.)
20. FeedbackDistort generates interesting time based feedback effects while distorting the trails using a second input clip.

1. New on-screen widgets allow easy visual adjustment of many parameter values. These can be turned on or off using the On-Screen Control button below the viewer.
2. Mac version is Universal Binary and supports PPC and Intel hardware.
3. Shake 4.1 is supported.
4. All color parameters have an improved user interface including HSV and TML options.
5. FilmEffect has new film type simulations added for Kodak 5217, 5218, 5285, and 7270.
6. Layer has 5 new transfer modes.
7. WarpTransform has new swivel and tilt parameters for 3D control.
8. WarpPerspective has a new wrapAboveHorizon option.
9. Gamma has separate RGB controls for Scale Lights and Offset Darks.

1. A problem with Rays color and alpha masks is fixed.
2. An issue with remote renders during a free trial is fixed.
3. A problem with Warps downstream from a transform node is fixed.
4. Misc other improvements.

1. A problem with remote renders using FLEXlm licenses is corrected.