Current "features" are:
*Simple collision detection
*Simple interpolated animation
*Supports lighting
*Supports MAX material colors
*Supports textures
*Supports a few different shademodes
Though not a stunning feature list, it covers the most important stuff I guess. So far, it has covered my needs in the world of Java3D. However, you are more than welcome to come with suggestions/fixes, because I know that this package is far from perfect!
If you for any reason would like to comment on the ASE Loader, please drop me a mail!