V-Ray 3.5 is now compatible with NUKE 10.5 and adds powerful new features:
V-Ray Volume Grid
Import and render volume simulations from applications like Houdini. Supports OpenVDB, Field3D and Phoenix FD files.
Improved deep rendering capabilities with support for deep volumes. Save disk space by generating deep data directly inside NUKE.
Automatically reduce noise for cleaner renders. Denoise individual render elements, apply noise masks and denoise final deep composites.
Apply seamless textures on complex objects without UVs.
V-Ray Falloff Texture
Control shading effects in relation to an object’s surface angle to the camera. Use NUKE Curves for even more control.
More info on Chaos Group website