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http://blog.wolfire.com/ David demonstrates some of the new features he added in the last week:
Scripts can create and delete objects
Scripts can translate, rotate and scale objects
Scripts can change object script parameters
Scripts can change tints and color palettes
Substantial simplification of editor code
Media mode hides character boxes and path points (e.g. screenshots with f7)
Fixed jitter when AI changes attack range
Fixed problem with AI attacking deleted enemies
Added campaign selector to main menu