Chaos Group released a teaser of VRay 3.5 for 3ds Max that is officially in beta now.
Some of the new features include ability to add VRayScene object node to import .vrscene files in 3ds Max, NVIDIA MDL support, V-Ray GPU enhancements, and reworked lens effects.
More info in the VRay roadmap: https://www.chaosgroup.com/vray/3ds-max/roadmap
Update: What’s new in V-Ray 3.5 – all features