Text strips can be now edited directly in preview area (enter edit mode with Tab key).
(PR#127239)
Text strips with word-wrapped or multi-line text can now properly do
left/center/right alignment within each line.
(PR#126660)
Text strip background fill ("Box") got an option to have rounded
corners.
(PR#129665)
Text strip style UI uses collapsible panels for outline/shadow/box.
(PR#130449)
Snapping now works with retiming keys. Strips can also be snapped to
retiming keys.
(PR#129709)
Strip images can be duplicated in preview area.
(PR#131529)
Add effect menu has been organized, with improved polling. Effects may
now be added to connected strips without erroring if sound strips are
present in the selection.
(PR#132672)
Videos can now be rendered using H.265/HEVC codec. (PR#129119)
10 and 12 bit/channel videos are supported now (PR#129298):
When reading 10/12 bit videos, they are read into a floating point image,
When rendering, there's an option for 10 or 12 bit color depth for supported
codecs (10 bit for H.264, H.265, AV1; 12 bit for H.265, AV1).
Videos rendered from Blender are in BT.709 color-space now (was unspecified
color-space before, which led to differences in how various players display them).
(PR#130021)
Video playback YUV->RGB conversion is more accurate now, fixing color shifts and
banding in dark regions. (PR#130383)
Video file display rotation metadata is respected now. If you had worked
around it previously, you'll need to undo the additional transform rotation now.
(PR#130455)
Proxies for EXR (or other float/HDR format) image strips now work properly,
without losing range/precision. Float image proxies are internally saved
as EXR files with DWAA compression and 16-bit float data type.
(PR#128835)
Copying strips or creating metastrips now automatically includes effect chains
instead of erroring with a message asking the user to select all related strips.
(PR#132930)