When storing sound files, there is always a compromise to make between file size, and sound quality. With the mp3 codec, for instance, you can compress a lot, but with a more or less noticeable degradation of the sound quality.
If the sound quality is a very important factor, you may as well keep the sound […]

Here is the list of new features and improvements from the release notes:
New Features

Support for metadata.
Added a signal generator.
A configurable special pasting that automatically fades in/out.
Added an icon for the files saved by TwistedWave.
Added the ability to export the selection.
Added the ability to create a new document with the current selection.
Added […]

From the release notes:
New Features

Added the ability to move the cursor to the next transient.
Saving OGG/Vorbis files (only reading was available).
Reading WMA files.
Added the ability to disable the automatic scrolling when playing.
Added the insert silence effect.

Fixes and Improvements

Improved the audio units management.
When loading a split multichannel file, the document name was Untitled.
The audio […]

TwistedWave was updated to version 1.2.1. You can download it from the link available on our home page. It consists mainly of bug fixes, described in detail in the release notes.

From the release notes:
New Features

Ready for Leopard!
Reading/Writing FLAC files.
Reading OGG/Vorbis files.
Saving CAF files.
It is possible to choose the sample size, bit rate and codec when saving a file.
Added the cursor position and (optional) selection length in the toolbar.
Added two dialogs for editing the cursor position and selection.
Added the ability to reorder the channels.
The file […]