Toon Boom Animation today announced the release of Toon Boom Studio V3, the latest release of its consumer animation tool for Mac OS X. Toon Boom Studio V3 has a number of new and enhanced features, including a new Text and Transform tools, as well as improvements to lip synching — making it easy to create cut-out animation. The company also announced it will be showcasing Toon Boom Studio V3 at Flashforward New York, from July 6th to 8th, 2005. A Technology Showcase titled What will you animate now? will be held on July 7th, at 11:30 am in the Sutton Place, at the New Yorker Hotel.