I'm going to be adding to these pros and cons as I find stuff.
PROS:
Charts load more quickly
Z-space has been introduced.
Draw objects can be locked.
Global draw objects, at last, (but only per instrument, not per timeframe)
Proper crosshair pointer behavior.
Snappier user experience all round.
CONS:
No undo. Not even one level.
Horizontal draw objects (lines) still don't have the option to add labels.
No "hide" object capability.
Still no parallel channel drawing tool. [Edit: copy & paste an existing line is workaround]
"Manage ATM" still the same illogical design it always was.
If you get a crash and choose "No to all" for workspace save on quitting, it'll go ahead and... save them anyway.
Still can't tab between fields in Indicator parameter windows.
Still can't draw a vertical line that spans price chart and indicator panel.
Indicators that reference other indicators can't be deleted, because nothing will tell us which other indicator it references.
Fixed ratio charts can't be moved vertically. [Edit: answered below. Ctrl-click-drag on price ruler enables this]
Chart trades can't be executed on a non-dominant panel of a multi-data series chart.
Chart trader order lines do not show in a non-dominant panel of a multi-data series chart.
Can't save indicator templates (only one default state). A 15min chart won't necessarily need the same indicator settings as a 1min chart.
Only the color of the SIM mode of chart trader can be customized (it's the LIVE panel we want to be able to make red or whatever...)
Individual drawing objects are not listed anywhere, so if you have any drawing object, like a fib, that has accidentally had both its anchors drawn to the same point... it's there for good (can't be selected) and ALL fibs have to be deleted.
Can't tile, stack or otherwise arrange windows
Can't zoom around a locked point in time. Only place zooming works as expected is if chart has been moved to right margin by clicking that stoopid arrow top right. But it can't be held there.
Can't bring all charts to a common point in time.
Candles can still disappear off the right of the chart, with no, optional "auto bounce back" functionality. (you have to remember to hit the End key)
Cannot customize the color of the Ruler tool guidelines
Still no horizontal "price line", only a marker in the price axis
Hot keys, yes, but no ability to use one key to toggle states
No ability to change a line to a ray, or a ray to an extended line.
My opinion: Very disappointing.

I think it'll tide you over with that issue until development creates an actual channel tool.
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