CreativeCow has the press release on the new release of Lightwave. It is also at NewTek from it’s announcement at Siggraph 2012.
It will include a new Genoma character animation and rigging system, predator and prey flocking, instancing, soft-body bullet dynamics, interchange support for After Efffects, and workflow enhancements.
I wish Adobe would include as much in a free point release for owners of the previous version!