Here's the full announcement for the Beta with an overview of the changes: http://sparklinlabs.com/2013/04/craftstudio-beta-is-released...
Among other things, I redesigned the whole interface, added a physics engine (BulletXNA) and build a Web player (using Three.js and Lua.js) to allow playing CraftStudio games right in in the browser: http://store.craftstud.io/games
If you have any questions, technical or otherwise, I'll gladly answer them.