From BlenderWiki
[edit] Cut Sequence Strips
You can now cut sequence strips using K. Any selected strips (except Meta strips) will be cut at the current frame.
[edit] Strobe
Strobe - In the N Strip Properties panel, you can set "Strobe" to something other than 1 for only displaying each nth picture of the strip. You know the effect from movies :)
"Strobe" is a float value - this way you can get a strobe effect synced exactly to a beat, for example, by using non-integer values.
[edit] Reverse
Option to play sequence strips (Movie, Image, Scene) in reverse. New toggle in the NKEY buttons for sequence strips.
[edit] Zoom
Sequence editor image preview supports zooming out
[edit] Misc
Added right mouse click to cancel a sequence strip transform, like everything else in blender.










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