The set of new features for the 1.2 is now complete and undergoing beta testing. Here is an example to give you an idea of the kinds of things that can be accomplished using the effects in combination. I've taken a picture from a family trip to NASA space center, applied the Video Monitor, and (new) Swirl Distortion effects, used Saturate Colors once or twice, and here is what results.
If you would like to see a nice large square tiling of this image, take a look at this image in the Flickr iKalied Group.