FME 2010 released
Posted on 06 February 2010
FME or “Feature Manipulation Engine”, is a spatial ETL (extract, transform and load) engine, that supports over 250 formats. The new 2010 desktop version of the software includes new powerful transformers, which are able to do various geoprocess your data.
The neat part with FME is the ability to make complex models (something like ArcGIS model builder), and the ability to translate almost any spatial data format.
More information available here