The Runic Games Forums announce that the Torchlight editor is gold (in the virtual sense, since no gold master disc is involved), though a subsequent post backtracks, saying: "I just found a bug. We need to fix this one. So we are back to making a new build and then testing again." The release still sounds pretty imminent, and that post has an 11 item top 10 list of things that can be accomplished with the editor. Thanks Shul.