Movable Type just launched MT 4.0 Beta. It has a whole new inteface design, and loads of new features. My most favourite features are the new WYSIWYG editor, and a new Page feature. You can make as many static pages as you want, just like writing a post. You no longer have to manually make a whole bunch of different templates to be pages- like I did on this site.
I like the new MT a lot, and I am considering changing my other blog, currently being powered by WordPress to Movable Type. I am just waiting for information from my hosting provider before I do that. I am going to upgrade this site eventually too.
I love the new MT, it has everything that I am looking for. With the new features, I can not only use it as a blog tool, but as a full website CMS too.
I am now recommending Movable Type to everyone, especially those who come and ask me about blogging software at my Web Design Site. If you're looking for a blog tool, Movable Type is the one you should go for!