Video Importing - This version now supports video importing. Please read the FlashVideo help and project page to find out more.
Global FlashVideo Settings - Now, instead of setting up the FlashVideo Settings for all your node types, there is a new feature called Global Settings that will apply to all node types (unless overridden by a specific node type parameter).
Some new bugfixes, some new features, still known bugs (so you may not want to upgrade if you were using 5.x-1.2 and kept with it due to punctuation problems.