Torchlight Multiplayer Spring Update
Inventory inspection support - simply target another player and pressing 'I' will display their inventory.
Skills transferred - graphical effects for player skills are supported.
There are still a lot of minor quirks mostly on the client, although for the most part it shouldn't effect gameplay too much. Some occasional crashes do occur, unfortunately I couldn't track all the causes down, they'll probably occur on level transitions when stuff gets cleaned up.
Updates can be found here: http://code.google.com/p/tlmp/