Post Description

V-Ray 2.0 for 3ds Max is a complete rendering solution, which combines the power of the distinguished V-Ray rendering engine with the flexibility and unprecedented speed of the interactive rendering system V-Ray RT, now running on GPUs. V-Ray 2.0 is officially on the market starting 6th December 2010. 

Major features
    - V-Ray RT and V-Ray RT GPU interactive renderers are included as part of the V-Ray installation;

Shading
    - VRayCarPaintMtl material with accurate flakes simulation;
    - VRayDistanceTex texture that measures distances to arbitrary mesh objects;
    - Dispersion in the VRayMtl material, utilizing the new support for wavelength-dependent ray tracing;

Lights
    - V-Ray specific light lister;
    - Directionality parameter for rectangle V-Ray lights to turn them into (textured) spot lights;

Render Elements
    - VRayLightSelect render element to extract the contribution of individual lights;
    - VRayDRBucket render element to show which machine rendered a given bucket in DR mode;

Effects
    - VRayLensEffects render effect for producing glow and glare with support for obstacle images and diffraction;
    - VRayExposureControl plugin for proper exposure of regular viewport and camera views;

Optimizations
    - VRayStereoRig controller for easy stereoscopic setup;
    - Shade maps for faster rendering of stereo images, DOF and motion blur through the VRayStereoscopic helper;
    - Retrace threshold for the light cache
    - Dynamic loading of tiled OpenEXR textures through the VRayHDRI texture;
    - Integration of the various V-Ray components in the 3ds Max "Create" menu;
    - Tools for calculating and rendering accurate camera distortion through .lens files;
    - Faster rendering of VRayProxy objects;
    - Support for proper motion blur of Thinking Particles;
    - Proper blending of gizmos for VRayEnvironmentFog;
    - Improved raytracing precision in certain cases;
    - Render history for the V-Ray VFB;
    - Load and compare images directly in the V-Ray frame buffer;
    - Support for rendering of VRayProxy objects as point clouds;
    - Better representation of V-Ray lights in the new hardware viewport for 3ds Max 2010 and later;
    - Support for bidirectional path tracing for accurate unbiased lighting solutions;

...and many other small fixes and improvements