Released with some nice additions and a great price to top it off, 39.99. This Windows based application gives users the ability to convert existing textures in Normal Maps, Displacement Maps and Ambient Occlusion Maps, in real time. Advanced features like painting normals and height maps within Shadermap 2 and using any external editor application, like GIMP and Photoshop.
A Demo version is available from the website, under try it now or downloads. This application seems very capable, so go try it out and see for your self.