PowerToys version 0.90.0 introduces the Command Palette, also known as "CmdPal," which enhances the previous PowerToys Run feature by allowing users to launch applications and perform tasks efficiently using the shortcut Win+Alt+Space. The update also includes improvements to the Color Picker, Peek feature enhancements that allow file deletion, and new customization options for template filenames. The update is available for download on the PowerToys GitHub page.