I think one of the nicest updates we have seen. There was a hard edge on some of the explosion/fire textures earlier. It has totally disappeared now. Well done dev' team!
Before:
After:
Also - it is nice to see the (subtle) reflections from the sky on the wings/airframe. It was slightly overdone previously, but now it looks perfectly natural. Really very good!!
The same goes for the reflections from below. The earlier screenshot of a group of Heinkels looks perfect to me...here:
And also it is nice to see that the light reflections from matt surfaces aren't as strong as before...and that panel lines etc. don't reflect light.
Everything has improved a lot in just a couple of weeks!!