Hey, here are the latest changes and improvements...lots of them :D

Version Release 1.40 August
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1) Bug Fix: Fixed incorrect second and first-stage speeds for the fast cruiser missile.
2) Visual Change: Frigate Missiles now have spline paths and rocket trails.
3) Visual Change: Rocket trails now lighter.
4) Visual Change: Added beam-convergence effect to the dreadnought fusion cannon and cruiser radiation beam.
5) Visual Change: Tips of beam lasers are now rounded off correctly.
6) Visual Change: On max detail, convergence points of converging beam lasers now create spatial distortion waves.
7) Bug fix: Rocket trails z positions fixed.
8) Bug fix: Debris Z positions fixed.
9) Visual Change: Debris now has shadows on high detail
10) Higher quality explosion effects now used for high-performance PCs on high graphical detail settings.
11) Bug Fix: Ships with empty design slots were calculating average armor (armor resistance) wrong in battles (but not on design screen).
12) Bug Fix: Debris from exploding ships expands in a more controlled way now.
13) Bug Fix: Debris no longer occasionally flicker, or has wrong color.
14) Bug Fix: Better and smoother turret-tracking.
15) Bug Fix: Fixed crash bug when comparing the shield penetration of some weapons.
16) Bug Fix: Fighters now correctly return for refueling even if a carrier module has no repair supplies.
17) Bug Fix: Fighters now take into account more than 10 docked ships when selecting a carrier module.
18) Bug Fix: The ! character and % are now usable where they previously were not :D.
19) Bug Fix: Tooltips from challenge list window now no longer leak through onto challenge details window.
20) New feature: Delete All messages button added to online screen.
21) Balance Change: Armor stacking penalty reduced by 5% in all cases.
22) Balance Change: Cruiser Heavy Shield Strength increased from 200 to 250.
23) Balance Change: Cruiser Medium Shield Strength increased from 150 to 200.
24) Balance Change: Cruiser Light Shield Strength increased from 50 to 150.
25) Balance Change: Cruiser Light Shield Weight reduced from 80 to 70.
26) Balance Change: Cruiser Shield Caster Recharge reduced from 6 to 5.
27) Balance Change: Frigate Heavy Shield Strength increased from 30 to 65.
28) Balance Change: Frigate Medium Shield Strength increased from 70 to 91.
29) Balance Change: Frigate Light Shield Strength increased from 50 to 70.
30) Balance Change: Frigate Light Shield Recharge increased from 4 to 6.
31) Balance Change: Frigate Light Shield Recharge increased from 4 to 6.
32) Balance Change: Frigate Plasmatic Shield Cost reduced from 110 to 80.
33) Balance Change: Frigate Fast Recharge Shield Power increased from 16 to 22.