VS3D Version 1.33 has just been released. It includes subtle enhancements to the tool paths, among other things. Also included with the release is a new true-type font V-bit carving tutorial, which can be viewed here:
VS3D text carving/engraving tutorial
VS3D version 1.33 can be downloaded from here:
VS3D Version 1.33 download page
The download includes the full product, minus the license key. VS3D can be run in demo mode without a key. Free 30-day evaluation keys are available.