Eloi Andaluz Fullà has released a short tutorial explaining how to create Matcaps using OSL in 3DS Max. Watch it on YouTube.
Matcaps in 3DS Max
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Thanks for the video, I actually enjoyed the side notes (1550/pi, manipulator wire to shader) more than the main topic, as this kind of matcap is really just environment mapping (Jim Blinn 1976). The technique would be much better if we could use two matcap spheres (a shiny and a dull one) and blend between them based on the surface curvature.