Version 3 sees the addition of 3 new oscillators including VOSIM (formant), Bowed String, and Harmonic Resonator, 4 new effects including Opal, Ladder Filter, Dispersor, and Harmonic Resonator FX, MIDI Out support, new scripts, numerous workflow improvements including UI snapshots, launch screen, and more, and an updated and refreshed factory library.
Promo price of €199, including a €100 voucher for other UVI products.
Note - the new factory library didn't install for me, The UVI Portal swore blind I was up to date but I wasn't. I manually deleted in the UVI Portal and on my SSD, then I re-downloaded which resulted in an error. On the fourth attempt it installed.
I've never got on with Falcon, I'l confess, and sadly I don't think version 3 is going to change old grumpy-chops here. The UI and workflow look essentially the same, and the random testing of the few factory sounds (with the same ye olde Y2K-style browser) reveled the exact same icy brittle coldness I've never got on with.
On the plus side it is free, and the inclusion of midi out might give its many sequencers some wider use.