The latest EVE Online developer blog at the official site deals with the latest effects employed in the game as well as well as a discussion of the fourth variation for the newly discovered Strategic Cruisers. Check out a snippet below.

The effects system was due for an overhaul and we at CCP took that to heart. All the effects were renovated making eve look even greater than ever before. Having said that, the cliché is also true, there is never enough time to polish and iterate on the work. Add on top of that the fact the effects system itself also received an overhaul this time around. These facts left us with a handful of renovated effects after release, needing exactly that. More time and polish. With resources still being scarce we're working from a priority list. On it were f.e. the Warp effect, POS forcefields and the SalvageScan effect. The stargate jump effect was also polished a bit, but mostly timing wise along with some technical defects being solved. Adding new effects alongside polishing our current ones will be an ongoing and evolving process as our artists get a better handle on the new system and figure out new and creative ways to abuse it. All in the noble goal to make EvE the most beautiful (SciFi) MMO out there.

Read the rest of the blog and view a movie about the development of the fourth variation by heading to the link above.