New PTool will certainly come before 15 February.
Alpha version will be available first to core team, after this beta for active testers, and final version after it. ＜第二報＞
It has some improvements and new patches. But it won't be radical. Most of the work had been to add some new features, and support for new firmware and GF2. As well as some preparation for fast GF3 porting. ＜第三報＞
Shows that new PTool going deeper at AVCHD encoder tweaking, allowing you to change almost all settings. ＜第四報＞
This is related to quantizer. New version also have ability to adjust many other tables.