Okay, there were a few more words in there. But for those in the editing community chomping at the bit to make levels for Myth III with the new Vengeance editing tool, don't lose hope... it is still being worked on, and according to iggy popped on RHL, is in pretty good shape:

iggy: omg i have to say
iggy: i really really wish i would've had *this* version of vengeance when making m3
iggy: the latest build is HOLY S*** f***ing sweet!
iggy: course, i'm comparing it to it's former self, a half finished map editor with incomplete features
iggy: now it's almost a worthy loathing replacement
iggy: but it works so differently. better in some ways
iggy: i'm just a little excited cause the features i've been wanting all year are finally getting in there

Good news for Myth fans everywhere!