Listed below is the detailed feature list for LumenRT:

Export
- One-click, seamless export from Sketchup to LumenRT
- New in version 2: Standard quality mode generates a fast lighting approximation with global illumination!
- New in version 2: Accelerated processing of scenes with improved visual feedback!
- Export models and animations
- New in version 2: Export SketchUp time lapse animations!
- High degree of material correlation with automatic bump mapping
- New in version 2: LumenRT material editor lets you adjust materials directly inside SketchUp!
- User selectable atmospheres and ground materials

- Create custom materials
- Support for SketchUp "Face Me" billboards always facing the camera
- Add your firm’s logo directly to your LiveCubes to further enhance your corporate identity
- High fidelity, physical simulation of direct and indirect lighting
- User selectable rendering quality level
- Rendering process runs in the background allowing user to continue working on other tasks
- Outputs a graphics “LiveCube” that can be published to any platform
- Walk around your renders in photo-real-time

Output
- Simple, multi-mode navigation (animated, walk-thru, and orbit modes)
- New in version 2: State-of-the-art DirectX 9 or 10 and OpenGL real-time engine offers super-fast GPU performance!
- New in version 2: Dynamically adjustable time of day with realistic lighting
- New in version 2: Physically accurate rendering of reflections!
- Accurate, real-time shadows
- New in version 2: Shadows cast by the sun are softened for superb, progressive lighting effects
- New in version 2: Shadow softness realistically depends on distance to the shadow casting object
- New in version 2: Lighting context affects shadow softness (e.g. shadows are smoother when weather is bad or sun is setting)

- Adjustable time of day
- Beautifully animated water materials
- New in version 2: Highly realistic underwater shaders with water turbidity!
- New in version 2: Reflective material surfaces (mirrors, etc)!
- Press F5 to save fully anti-aliased screenshots as you explore a LiveCube
- Export the SketchUp camera animation under standard animation file formats (e.g. for sharing on YouTube)*
- New in version 2: Create animations of unlimited length

- High quality anti-aliasing
- New in version 2: High quality anti-aliasing avoids any unwanted jaggies in your pictures!
- New in version 2: Professionnal motion blurring for ultra-smooth animations!
- Photorealistic sky backdrops that correspond to the time of day
- Publish your LiveCubes as self-contained executable files that you can send to your clients so they can explore your designs
- Published LiveCubes don’t require any special viewing software — runs on any platform with a modern graphics card
- New in version 2: Low quality real-time rendering mode for slower boards!
- Sending a published LiveCube to your clients does not expose your SketchUp project

NEW FEATURES

- VRayHairMtl specifically for fur and hair rendering
- VRayOrnatrixMod modifier for direct rendering of Ornatrix hair
- VRayHairInfoTex texture for additional hair shading effects
- VRayPTex texture provides support for PTex files
- MaxScript functions for access to the V-Ray VFB contents
- V-Ray RT: added "Real zoom" option to the ActiveShade quad menu to modify the rendered region (zoom, pan) directly in the ActiveShade window
- MetaSL support in VRayGLSLMtl and VRayGLSLTex

Modified features:
- V-Ray RT GPU: initial support for VRayBlendMtl materials
- V-Ray RT GPU: rendering of VRayProxy objects
- V-Ray RT GPU: support for affect diffuse/specular/reflection for VRayLights
- V-Ray RT GPU: support for simple skylight portals
- V-Ray RT GPU: support for textured area and mesh lights
- V-Ray RT GPU: limited support for the Falloff map
- V-Ray RT GPU: support for Tiles and other procedural textures (through baking to bitmaps)
- V-Ray RT: ability to use the 3ds Max bitmap proxy system for the ActiveShade
- V-Ray RT: support for 32-bit ActiveShade buffer
- V-Ray RT: add a "Reload" button for VRayHDRI that works with V-Ray RT
- Distributed rendering: option to specify a maximum number of render slaves
- Distributed rendering: when a slave completes a DR render, it will automatically try to join other running DR jobs
- ply2vrmesh: added support for .bgeo files in ply2vrmesh
- ply2vrmesh: added -info option to ply2vrmesh to print information about .vrmesh files
- Irradiance map format (*.vrmap) has changed – map files from V-Ray 2.20 cannot be opened by previous V-Ray versions
- imapviewer: added -incremental command-line option and "File > Incremental add" menu item for incremental merge of irradiance maps produced by V-Ray 2.20
- imapviewer: added ability to load and display light cache files
- VRayMtl: added "Affect channels" option for reflections
- VRayGLSL: split into a VRayGLSLTex texture and a VRayGLSLMtl material
- VRayGLSLMtl: support for built-in BRDFs
- VRaySun: added filter color for VRaySun
- VRayMultiSubTex: added option to specify the number of IDs in VRayMultiSubTex
- VRayMultiSubTex: reworked the VRayMultiSubTex texture to use lists of properties, rather than separate parameters
- VRayFastSSS2: ability to save/load illumination maps for VRayFastSSS2 material
- VRayHDRI: add the "time" rollout for controlling IFL files to VRayHDRI
- VRayHDRI: support for tiled mip-mapped TIFF files
- VRayHDRI: optimized VRayHDRI bitmap performance
- VRayIES: expanded the "Use light shape" option for VRayIES to allow the shape to affect light distribution
- VRayBPTracer: support for distributed rendering
- VRayBPTracer: support for the VRayLightSelect render elements
- VRayDisplacementMod: added option to smooth UVs for subdivision displacement
- VRayLensEffects: improved multithreading for VRayLensEffects
- Optimized memory usage and multithreaded performance for dynamic geometry
- Optimized the VRay2SidedMtl material for GI calculations when translucency is greyscale
- Add an option to the VRaySamplerInfo render element and texture to wrap the UVW coordinates in the [0,1] range
- VFB: added ICC color correction to the V-Ray VFB
- VFB: added right-click menu to the items in the V-Ray VFB history
- VFB: right-click menu option to add and edit comments in V-Ray History per image
- VFB: ability to do A/B VFB comparison with a rendered image in the V-Ray VFB
- VFB: the frame stamp is now saved to and loaded from the V-Ray VFB history images
- When writing a raw .exr file, V-Ray will attempt to produce a scanline version of the file instead of tiled one
- Added a glossiness render element, also for texture baking
- Added a Clear option for the Previous render list in the System rollout
- Changed the default image sampler to Adaptive DMC
- Exposed the irradiance map preview mode parameter in the UI
- Reduced flickering of the irradiance map and light cache when "Time independent" DMC option is disabled
- Disable any HSDS modifiers before saving the scene for DR
- SDK: switched to Intel C++ 12.1 compiler
- SDK: shaders can provide their own sampling rays for GI
- SDK: multithreaded expansion of dynamic primitives

Plus a number of bug fixes. The new version is available for download to current owners of V-Ray 2.0 from Chaos Group.

New features in version 2:

New system of building road networks based on splines

Automatic construction of standard intersections

Advanced Artificial Intelligence for Vehicles

More realistic behavior of traffic flow

Increased speed of simulation calculation

Six wheeled vehicle support

Simplified system for cloning vehicles

Simplified and expanded use of traffic lights function

New objects are "speed limiter" "obstacle," "stop line"

Improved parking