I'm playing around with the latest H3 build. So far so good. The main thing I'm getting my head round is the new colours (my old programs have the wrong colours and transparency on sprites doesn't work, which I think is all related to the colour changes).
Anyway.. to the editor! Clearly it's a lot more powerful than the old one, which seems great.
I've found that doing edit "file.bas"
will launch the editor. If I then exit with XC then launching again does nothing (seems like a no-op). Not sure if I'm doing something wrong or if this is a bug.