Material List is soon to be made redundant with the release of Mission Control!
Read more about it here : http://reformstudios.com/mission-control-for-3ds-max/
or joing the Beta here : http://reformstudios.com/mission-control-beta-programme/
I have added a feature list to the website here :
I am also looking for beta testers, so please sign up here for a chance to take Mission Control for a spin.