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

New Features

• Support for markers.
• Added the ability to manipulate cuts/crossfades.
• Automatically restore the session after a crash.
• Drag and dropping the selection.
• Play through when recording.
• Saving the color scheme presets.

Fixes and Improvements

• Wave64 support was broken on 10.4/intel.
• Ability to zoom when command dragging the overview window.

Support for markers

Editing cuts and crossfades

When applying a crossfade, it is not always easy to figure out what
part of the audio to select, and what the crossfade duration should be
for the best results. Undoing and trying with new settings each time
can quickly become tedious.

After a cut or crossfade is applied, TwistedWave now shows some
handles that allow you to tweak the duration of the crossfade, as well
as the in and out points.

Powerful crash recovery

If TwistedWave crashes, because of a faulty Audio Unit, a bug in
TwistedWave, or even a power failure, your work is not lost. The next
time TwistedWave is opened, all the documents you were working on will
be opened in the same state, your unsaved changes will not be lost,
and even the whole undo history remains intact.

Even if the crash or power failure happens during a recording, all the
sound recorded up to the crash will be restored.

Drag and dropping the selection

Right above the vertical ruler, a small icon represents the current
selection. If you drag and drop it in the finder, this will create a
new audio file containing the selected sound. If nothing is selected,
the whole sound will be exported.

This can provide a very fast and efficient way to split an audio file
into many different parts.

Because dropping repeatedly in the same folder will always create a
new file each time, it provides a convenient way to keep the whole
history of a file, by saving it after each edition.

Play through when recording

In order to monitor the sound exactly as it is being recorded,
TwistedWave now offers the option to play the recorded audio through
the output device.

To enable it, check the corresponding check box in the devices tab of
the preferences window.

Saving the color scheme presets

The waveform colors can be customized to a great extent, making
TwistedWave look exactly the way you want.

It is now possible to save the color schemes, and easily select one of
the previously saved schemes. Color schemes are saved in individual
files, allowing you to move your settings from one computer to
another, or exchange color schemes with friends.