Get the exe here: http://www.verge-rpg.com/svn/verge3/trunk/redist/verge.exe (user: anonymous pass: anonymous)
According to the changelog (http://www.verge-rpg.com/svn/verge3/trunk/changelog.txt):
Revision 99 (2006-07-28)
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- ColorFilter() obeys transcolor setting. NOTE: Needs adding for the other platforms.