Some of the highlights:
Read full details about all the above, plus everything else there isn't space to mention, over in the blog post.
For those of you who have tried Corona before and your 45-day trial expired, we've automatically refreshed the demo period to give everyone an extra 14 days so you can try out all the new features! Simply download and install Corona Renderer 4, and you can activate the refreshed demo period right from within 3ds Max. Enjoy!