Whats more it supports the builtin PTI and external Hammer editors, and automatically removes the 1750 entity limit on PTI maps. (Patches to 2048) – so no more failing to find sub VMF files referenced in your .VMT.
You can find the original Release thread here:
http://forums.thinkingwithportals.com/community-releases/fudgepacker-t6692.html
Or grab a copy over on Portal2Maps:
http://www.portal2maps.net/2067/fudgepacker-0-4-with-hammer-intergration.html