Updates to Waveform have been released. The updates will be applied automatically when your Steam client is restarted. The major changes include:

This update addresses the following compatibility issues that affected some users:
-Texture display problems on netbooks (some textures appeared as white boxes)
-Running the game on Vista or Windows 7 with Aero enabled
-Black screen in any level with the Distortion effect

Also included in this update are two features requested by the community:
-Press 'Esc' to back out of menus. Previously pressing 'Esc' would quit the game
-Choose whether or not to have the cursor visible in-game. Toggle this via the Options menu

Waveform Update Released

This update addresses compatibility issues some users were having when trying to run Waveform with older machines or graphics cards. Give it a try if it wasn't working for you before!

Also included in this update are two options requested by the community, both of which can be found in the options menu:
-Choose whether or not you prefer holding the mouse button down to reform the shape of your wave -Choose whether or not to have the game pause by pressing the right-mouse button