From the Microsoft Small Basic blog:

The Small Basic v0.8 release features:

• Addition of details about your published programs.
• Rating system for programs published online.
• Rich formatting based copy (useful for printing Small Basic programs).
• Keyword help in Intellisense plus code samples.
• Performance improvements in the Library APIs.
• In addition, we have localized Small Basic in three new languages, Chinese Traditional, Japanese and Portuguese.

The coolest feature in this release is the Silverlight player for Small Basic programs. Now you can run Small Basic programs on your browser without having to install the IDE.

For more information, go here.