It looks better and now it renders my blog template correctly. Maybe there are more features I’m missing.
It is worth upgrading it just to get the “Check for updates” feature. So you never again have to figure out how to upgrade it (see Jim’s rant here: Sighcrosoft – Why Can’t I Just Love Live Writer Without Confusion?).
Strangely enough, its now easy to upgrade here: http://download.live.com/writer.