Detailed Changelog (relative to 1.0 release) :

System:
- Support for linux 2.6.20-rc7 kernel.
- Support for BusyBox 1.4.1.
- Support for uClibc 20070110.
- Upgraded SysLinux bootloader to v3.20.
- Better CPU frequency scaling capabilities.

Toolchain:
- Added optional support for GNU glibc 2.5 in toolchain for debugging purpose.

Player:
- Upgrade to MPlayer 1.0rc1.
- Added support libavformat demuxer in addition to internal libmpdemux.
- New native VC-1/WMV3/WMV9 video decoder (Windows Media Video).
- New native On2 VP50 and VP62 decoder (Flash video).
- New native lossless audio decoders for WavPack, TTA, and Shorten.
- Added support for VP7 binary codec.
- Added binary extra codec (through Generator) for WMA Pro files handling.
- Support for audio stream switching in MPEG-TS/PS, Matroska and streams supported by libavformat.
- Support for audio stream switching between streams with different codecs.
- New native RTSP input (handles MPEG-TS over RTP only) for generic RTSP
servers (like FreeboxTV) which deprecates Live555 usage.
- H.264 decoding speed improvements.
- SSA/ASS subtitle renderer.
- Added support for ICEcast netstreams.
- Radio is now handled direclty through V4L2.

Video:
- Support for nVidia cards on PowerPC machines.
- Added DirectFB 1.0.0-rc3 video output fro nVidia cards on PowerPC
machines.
- Added VidiX support for Radeon 9600SE cards.

Drivers:
- Added support for IVTV based cards (such as Hauppauge PVR 150/250/350/500).
- Support for WPA encryption on WiFi cards.
- Added support for Broadcom BCM43xx WiFi chipsets (like Apple
AirPort).
- Added support for wireless TI ACX111 chipsets.
- Added support for MadWiFi-NG driver.
- Added support for ZyDAS ZD12x1 wireless chipsets.
- Added support for PVR USB 2 TV card.
- Added support for Rio Karma USB mass storage devices.
- Added support for USB soundcards.
- Fixed ATI USB mouse directional keycodes.
- Added Medion (also Aldi) X-10 OEM'd remote.
- Added support for some USB to serial interfaces.
- Introduced new libata support in kernel for IDE disks support.
- Do no more force disks to 32bits I/O (crashes with CompactFlash over
IDE).
- Much better autodetection of USB DVB devices.

Networking:
- Support for IPv4 multicast (useful for RTSP streams).
- Added NdisWrapper support that allows using Win32 network (WiFi)
drivers under Linux.
- Upgrading bftpd to version 1.6.2.
- Fix some Samba mount points handling.

Generator:
- Support for NDISwrapper driver loading.
- Added new tab to add extra files to generated ISO image.
- Support for Windows Vista.

Miscellaneous: 
- Removed deprecated non-working recorder/mencoder support.
- Added remote=/receiver= cheat codes in isolinux for easy change.
- Added menus in installator for selecting remote/receivers.
- Added support for various keyboard mapping (azerty/qwerty/qwertz)
- New makefile rules to build and play VMware virtual machines (make
vmx && make vmx-play).