Release Notes: A lot has been added to the annotation tool. If you're on Windows, Virtual Dub's MPEG decoder has been integrated. There is a new scripting mechanism, a few new data types, and a thing called 'display with respect to', which will shift the screen to keep a shape in the same position during playback. You can still edit everything else while this is happening. Still slow, and no audio support yet.
Release Notes: The video metadata editor has been rewritten from scratch, and now supports undo, has a timeline view and a schema editor, and uses the piccolo canvas to support zooming.