Pixologic has now released the new plug-in, Displacement Exporter and Multi Displacement 2 for the Macintosh and PC.
Displacement Exporter contains many innovative features such as the ability to convert a displacement map into a normal map. From this plug-in you can export 8 bit, 16 bit, or 32 bit RGB or grey-scale maps. You have full control over each channel, can flip your map as well as have access to the innovative 8dot8 file export.
8dot8 allows you to use 8 bit displacement maps to achieve results similar to what you achieve with 16 bit displacement maps. 8dot8 separates out major and minor forms into two different maps that can be added together at render time. To use 8dot8 turn the status of Major8 and Minor8 to On.
The Multi Displacement 2 will bake real-world coordinates (and remove the need for the Alpha Depth Factor) into your 32 bit floating point maps for models that were imported into ZBrush. Multi Displacement 2 has been production tested by ILM and other major studios.