V 3.0: Lens flares & dirt, visor reflections / water droplets, god rays, depth of field, night & thermal vision scopes, dynamic wet surfaces with reflections, rainbows, volumetric light & fog, colored speculars and many other effects.
Some screens demonstrating the 2.0 CTP having been merged into Oblivion Lost 2.5 (thanks olivius74 for sharing).
This OL 2.5 and DS2 CTP merge.. i would like to get my hands on it!
Please pm me if you've got it!
You got to ask olivius74 (from GSC forums), he might help you :)