Here are the detailed release notes for the Rapture Pro Update 3.
http://www.cakewalk.com/Support/Knowledge-Base/2007013433/Rapture-Pro-2-0-3-Update

All good stuff.  The Favorites function is an especially nice addition

Looks good (haven't installed).
 
The only two big areas that seem to be overlooked now are (from reading the change log):


a) Sample management. Still all over the place in rapture pro, there's no way to move your samples anywhere within the UI without reg hacks and/or symbolic links. Rapture Pro seems to look at sample folders all over the place (e.g. old Rapture/Dim Pro installs). No real good way to centalize them all under one folder. Please kill this legacy issue once and for all.
 
b) Loads of functionality can only be accessed by a shortcut key/s. They aren't even in the UI. There seems to be no settings page.
 
Or maybe I missed this or it's not in the changelog...
 
Thanks..

Well, I'm very sorry to say that a Rapture Pro bug I reported about six months ago is still intact.  Key follow modulation does not work properly when running RP under Cubase.  I've had direct contact with a Cakewalk developer and described in detail how to reproduce the problem behavior.  That behavior should be trivial to duplicate.  The developer never got back to me with further questions.
 
There's no excuse for this complete lack of concern for non-SONAR users.  Rapture Pro is supposed to work with any DAW.  I give up - what's the point?