AdWords Editor 2.0 is now available publicly. If you are still using an old version of the software, you will be prompted for an update the next time you run the application.

Version 2.0 includes some exciting new features:

• Replace text. The replace text feature makes it easy to find and replace text from a headline, description line, or URL in one step.
• Find duplicate keywords. Search your account for multiple instances of the same keyword, then edit or delete the duplicates as needed.
• Advanced Maximum CPC changes. As your keyword lists grow, you may find yourself spending a lot of time editing Max CPC bids. The Advanced Maximum CPC changes tool helps you adjust bids by a specified percent or dollar amount, raise bids to the minimum CPC for all your inactive keywords, and more.
• Keyword Grouper. Want to know one of the most important tips for success with AdWords? Create tightly knit Ad Groups with keywords and ad text that are based on a common theme. To help you do just that, AdWords Editor offers the Keyword Grouper. The Keyword Grouper takes an existing list of keywords and divides them into smaller Ad Groups based on common themes. You can then create related ad text for the new Ad Groups or have the choice of using existing ad text from within your account.

[AdWords Editor, Via]