As always, Image Line has packed this update with tons of new features. Two the require special mention are a new audio editor called Edison and a new effect called Love Philter (click the image on the left to see a larger view).
Edison is an integrated audio editing tool that replaces the old Wave Editor. In addition to being an audio editor, "Edison loads into an effect slot (in any mixer track) and will then record or play audio from that position."
"Fruity Love Philter is the most powerful filter plugin in FL Studio. However, Fruity Love Philter can, due to its architecture perform much more than filtering effects. As the plugin consists of 8 identical filter units, each able to be feed to the next in the chain, it can be used to create complex delay, gating and filtering effects." It reminds me an advanced software version of a Korg KAOSS Pad KP2.
Here is a list of what's new: