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http://www.elecbyte.com/faq/
after countless months of elecbyte coming back and no answer from them they finally released a faq on there page!
this is important because this will involve you mugen characters

Timus edit:The true words of master himself!!(his faq):

F.A.Q.

Are you really Elecbyte?
Of course.

What are your plans for M.U.G.E.N.?
We plan to make minor maintenance fixes and release an uncrippled build of Windows M.U.G.E.N. This will be the last release of the engine before major format changes.

How major?
Do not expect old characters to work. At all.

But... I LIKE my old characters!
There will be no official support for characters designed for previous M.U.G.E.N. betas. Please consider one of the many M.U.G.E.N. clones.

When will this happen?
When it is time.

thnx for editing my words

yea me too...... and np mr.gamer i am a leader!!

Because they are upgrading it and plus think of it as a fresh new start. wink

thats true but cant u keep ur old mugen and just download the old 1 or will the winmugen stop working?

i say sooner or later someone will hack in the game again like they did years ago and make old mugen characters work again at least thats what i think

of course they will unless they cant but i doubt it

well there is a chance they cant do it like unless they have a code on each character they haev that no1 knows then yeah that'll b it