Mark over at WooThemes led the announcement of WooCommerce 1.2.1 bringing external URL support as well as overhauling aspects of the Add/Edit Products template within the WordPress Administration.
One of my favourite features of this new version is the re-shuffling of downloadable and virtual products. Gone are the specific product types dedicated to them, now you just tick a checkbox to confirm a product is either downloadable or virtual. What this importantly means is that a variation can now be downloadable/virtual too making it that much more flexible.
You also have the ability to add an external/affiliate product to your store, just add the product ‘URL’ and rather than using the “Add to Cart” it takes you to the external source – removing tax + inventory, yet still having the flexibility of the product titles, content and images.
We have more shortcodes also available making adding products to posts/pages/templates even easier and more hooks encouraging third party development.