It is interesting how fast T3D develops these days. I remember some other times.
Beta3 is now available:
http://www.garagegames.com/community/blogs/view/17661new features:
- PhysX Cloth objects
- Shape Editor
- Decal Editor (wrapped and aligned decals in real-time)
- Mesh Road Editor
- improved Material Editor
- normal and parallax mapping for terrain
- zones and portals (finally you can make large indoors from models)
This is really impressive.