hello everybody the 1.1 beta is finally out so head on over to the site 'http://elecbyte.com/mugen' and pick this baby up. Mugen 1.1 is where its at i just tried the public beta and man oh man its awesome it comes with a new and improved opengl renderer and a whole bunch of other niffty features.
Also for those who dont know this version takes advantage of the gpu so frames are way better than 1.0. And if you really want to see the full extent of 1.1 you will definitely need a powerful computer. I was actually tinkering with my gpu settings on my nvidia GTX 660 and push everything to max quality at 1080p and loaded 1.1 and where talkin really beautiful eyecandy. (note it may differ on other pc's depends on your hardware).