I've been beta testing 10.5 for some time, and it seems very stable. The big star feature for me is actually just an old one re-born, the video export. Import tracks from project improvements are welcome, and a few of the other things are nice to haves. But the best feature is:Spectral Comparison EQ
Clean up your mix more accurately.
Video Export Render
Render videos as MP4 (H.264) with 16-bit stereo audio.
MultiTap Delay
Made for musicians with a range of inspiring creative options.
Padshop 2
Even more creative tools and sonic inspiration.
Colorized Mixer Channels
Instantly find the channels you are looking for.
Import Tracks From Project
Exchange data between projects, or create new project templates, more easily.
Combine Select Tools
Work faster with objects and ranges using one powerful tool.
Retrospective MIDI Record
Capture your MIDI input, even when you have not started recording.
The Score Editor
Powerful new features and improvements.
The Macro creation
Create Macros faster with new improved functionality.
LUFS Normalize
Choose to normalize by either dB Loudness Unit (EBU R128) or by setting dBFS Max.
Safe Start Mode
Initiate Cubase without any third-party plug-ins loaded.
Stereo Delay, De-Esser and Roomworks
New plug-ins for Cubase Elements.
Graphical Performance
Zooming and scrolling in large projects has been improved.
Workflow improvements
Many more significant workflow improvements are also included.
A NEW PREFERENCE TO GET RID OF THE LOOP MODE WHEN CLICKING IN THE BAR COUNT AREA!
Personally I'd have paid £50 for that checkbox alone.
It's not an earth-shattering update, but it is solid enough. Combined with their fixing some very long standing bugs during the lifecycle of v10, ARA2 etc, I think Cubase is in a considerably better place than it was a year ago.
PS - just noticed it states that Cubase Elements now has Disabled Tracks. Pretty sure that's new, and a fine thing if so. Still no side-chaining though. Grrr.