The latest version of Chaos Group’s renderer brings many new features and enhancements: V-Ray RT and V-Ray RT GPU interactive renderers included, VRayDistanceTex texture that calculates distance to objects and can be used to control displacements, VRayLightSelect render element to extract the contribution of individual lights, VRayLensEffects that adds glow and glare effects to the image, VRayStereoRig for quick setup of stereoscopic cameras, dispersion in the VRayMtl material, faster rendering of VRayProxy objects, VRayCarPaintMtl material with accurate flakes simulation, correct motion blur for ThinkingParticles, etc.
Pre-order process of V-Ray 2.0 for Max starts today (November 1st), official release is planned for December 6th. There is a special promotional price to preorder or upgrade between November 1st and December 6th. More at Chaos Group news and feature list (PDF).