http://www.vray.info/news/article.asp?ID=486
V-Ray 2.0 for 3ds Max offers a long list of major new and enhanced features:
•V-Ray RT and V-Ray RT GPU interactive renderers are included as part of the V-Ray installation
and lots of other fixes and improvements
•Dispersion – complete support for light dispersion
•VRayLensEffects - render effect for producing glow and glare with support for obstacle images and diffraction
•VRayCarPaintMtl - material with accurate flakes simulation
•VRayLightSelect - render element to extract the contribution of individual lights
•VRayStereoRig - controller for easy stereoscopic setup
•VRayLensAnalysis – quickly creates realistic distortion patterns for your V-Ray Physical Cameras
•VRayDistanceTex – creates a wide range of effects based on the distance between objects in the scene
•VRayMultiSubTex – assigns different textures based on object ID
