See the new features for the FurryBall 4.6 GPU renderer from Art and Animation Studio.
3ds Max Sneak Peek: Renderer Improvements
See the render improvements that Autodesk has done for 3ds Max.
Digital Frontier's Alembic for 3ds Max
Digital Frontier add interoperability for Maya and 3ds Max with their free plug-in for exporting in Alembic format.