- New Multi envelope mode "free running" independent from note on/off.
- Distortion effect now stereo mode.
- Project load/save handling improved, program numbers no longer translated to 1..16.

Features
- Universal Binaries for Intel-based Macs.
- VST 2.4 compatibility.
- New voice allocation gives about 30 % performance improvement
- Sample key / loop range imported on sample load.

Bugfixes
- Ableton Live 6: fixed crash on loading VST version.
- Cubase 4: Mouse pointer offset fixed.
- Pattern selection with MIDI notes works now in plugin versions too.
- MIDI out: Note offs sometimes not sent.
- FM switch on OSC1 .. OSC3: weird behaviour on preset load fixed.
- RTAS/ProTools: internal Sequencer/Arpeggiator working now.
- Sequencer: Highlighting current measure working now for all parts.
- Multisegment envelopes: some rare editing problems fixed.
- Sample engine: occasional crashes on stereo samples fixed.
- MAC only: some broken FM routings like self FM working now.
- MAC only: Tempo was not editable in standalone version.
- Arpeggiator works now also with the internal keyboard.
- Drag & Drop patterns in sequencer does no longer interrupt sequence play.

- Quality setting for sampler module ( very fast standard / slow high quality )
- Stereo sample files now possible
- Enhanced randomizer function
- Stereo phaser/flanger option
- Polyphonic unison function with random sample variation
- Fractal random presets for spectrum oscillator and custom oscillator
- Improved step sequencer layout
- bugfixes

- Multi sampling
Each of the three main oscillators can use now samples instead of the built-in waveforms. The samples are organized in up to 16 key zones and 2 morph zones, making for a total of up to 32 sample files for each oscillator. Due to it's high quality re-sampling algorithm, you can use a single sample for the whole tonal range!

- Terrain filter
This new module allows for real-time morphing between two 16 pole filters selectable from a set of predefined vocal filters.

- Arpeggiator
In addition to the high-level arpeggio functions of the built in sequencer, TERA 3 now offers a simple standard arpeggiator for each part.

- Stereo routing
The amplifier module now has two additional stereo inputs allowing for stereo effects inside the synthesis patch. The spectrum oscillator has a new stereo output for stereophonic wavetable synthesis.

- Envelopes
The four multi-segment envelopes in TERA can now be used in a new "free" mode where each envelope can be used independently. These envelopes can be saved and loaded from special envelope presets.
The standard envelope generators have also gotten a new Attack/Decay only mode.

- Spectrum oscillator
The Spectrum oscillator has many new functions:
- uncorrelated stereo output
- spectrum presets
- separate spectrum parameters for two sets of oscillators

- In addition to the additive sine synthesis used in TERA 2 as a basis for the wavetable generation process, the following methods can also be used:
- wavelet synthesis
- walsh function synthesis
- operator synthesis

- Voltage controlled amplifier (VCA)
This new module works just like a ring modulator, except here one input is used to modulate the amplitude of the other input.

- New module inputs
The outputs of the envelopes and the LFO's can now be used as inputs for the signal processing modules of TERA. previously, these outputs could only be used in the modulation matrix.

- New Modulation sources
Two modulation sources have been added:
- Key alternate: can be used to get a different sound on every other note (IE: like bow up/down in natural string instruments )
- Key random: creates a random control signal on every note.

- Modulation matrix
The modulation matrix has been given a copy/paste function for transferring modulations between presets. Modulated parameters are indicated in the user interface through a color change of the parameter knobs.

- 8D control
The unique 8D morph control of TERA is now also usable for the six special synthesis pages introduced in TERA 2. The controller settings can be copied and pasted between presets and each dimension can be labelled individually.

- "Fly over" tool tip help system
You can get more information on a particular parameter by moving the mouse over it, revealing a small window with detailed parameter info.

- New sounds
The new TERA sound banks contain 256 presets, including some from the well-known sound designer Howard Scarr.
For the new sample module a set of about 35MB of multi-samples is included.
In addition to the traditional bank structure all presets are now available in a hierarchical folder structure for easy sound categorization and searching.

- General
- MIDI controller editor for easier assignment of MIDI controllers to parameters.
- Selection fields (eg. Wave selection) can now be assigned to MIDI controllers
- Receive MIDI input from multiple devices simultaneously.
- Smaller user interface makes plugin usage more convenient.
- Parameter fine adjustment control with Shift+Drag function.
- Glissando function (chromatic glide)
- RTAS plugin

- Internal sequencer outputs MIDI notes for further processing in host.
- AudioUnit version updated for Logic 7 compatibility
- AudioUnit automation problems fixed
- Arpeggiator didn't worked correctly with monophonic presets
- Problems with Numerology fixed

- new sync mode for LFO "MIDI R" syncs LFO tempo without retriggering on every key
- bugs fixed

This update will be automatically send to all registered users

- ReWire: MIDI input for use with Ableton Live
- new sync mode for LFO "MIDI R" syncs LFO tempo without retriggering on every key
- bugs fixed

This update will be automatically send to all registered users

Six new pages specializing on either
- Waveshaping
- Analog synthesis
- Spectrum Synthesis 
- Formant
- FM synthesis
- Physical modeling
allows easy access to TERA's mighty sound engine. In the modular page you have unrestricted access to all modules and parameters.

- Custom waveforms for all Oscillators
- Supersaw Mode
- The unique "Slotmachine" enables the user to get random sounds which are really usable.
- Syncable multisegment (64) envelope generators
- Combi programs for layer and split sounds.
- Microtuning