Blender 2.35 Texture displacement tutorial

Now blender 2.35 with static particle system is a revolution for me!
Great job guys!
Here is some about new functions introduced by Ton Roosendaal (i have explained it in more basic method;) ), and small tutorial:

Here is an example - gzipped *.blend file with basic scene:
Pay attention at file extension! It’s gzip file. So if you’ll have troubles with extraction try to change extension from *.zip to correct *.gz.