Good news first: According to the CA dev blog (http://totalwardev.blogspot.com/), an unpacker will be released with the first patch, which I hope will arrive soon (after all, this news was posted today, although without mentioning any date).
However it also contains some bad news: We will apparently not be able to edit models in the near future. According to Iain, the meshes in M2TW are far from similar to the R:TW .cas files and have a much non-trivial layout. Inhowfar that applies to skinning will have to be seen.
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