Chaosgroup has shared a short video describing the new features in the latest service pack for V-Ray 2.0.

The main improvements include support for the V-Ray Blend material for the V-Ray RT on GPU as well as improved functionality of V-Ray RT as a whole.

A new type of texture node called VRayPtex allows you to render ptex textures with V-Ray. Additionally small improvements have been made to the VRayMultiSubTex, VRaySun and VRayFastSSS2.

Check it out