These are the new release features:
* Support for .NET Framework 4.0 and Visual Studio 2010
* Support Compact Framework
* Resource Encryption
* Embed Assembly
* New Protection Against Disassemblers
There are also a lot of fixes made on previous version. The details are available at:
http://www.babelfor.net/ReleaseNotes.aspx
The User's Guide has been updated and some useful obfuscation tips are available there.
The web site has been changed a little and a new download section is available with downloads for additional unofficial tools:
1. NAnt babel Task
2. A Graphic Interface for babel.exe
3. A simple WPF application to deobfuscate stack trace using map files
4. The old babel release 2.0.0.1
Read more: Babel Obfuscator