Just got the email from chaosgroup that SP3 is available to download now please go to here.

New features include:

• Linear Workflow;

• Mesh-based lights;

• V-Ray light material as direct light;

• V-Ray Fog environmental effect;

• Vector Displacement;

• Import Proxy as mesh;

• Support for Max Arch & Design materials;

• Region Rendering directly in VFB.

Improved features include:

• Irradiance map – further reduction in flicker in animations;

• Camera Overrides now work with Physical Cam;

• Render Elements – MultiMatte, VRayExtraTex and VRayZDepth work with transperancy;

• DR Improvements – support for the incremental modes of the irradiance map;

• New SSS material for better and faster rendering ?? V-Ray Fast SSS2.