According to Lutronic (and here's a hat tip to Amy Di Leo):
"This dual pulse Q-Switched Nd: Yag laser is the feature-laden successor to the Spectra VRM II. It is specifically designed to treat a wide array of dermatological and aesthetic conditions by photo-acoustical removal of epidermal and dermal pigmented lesions including all types of tattoo colors. The highly versatile VRM III is the most powerful laser available in its class. Its intuitive smart exchange communicative software allows treatment of a wide variety of cosmetic and medical conditions for general dermatology, dermatologic and general surgical procedures for coagulation and hemostasis.
"The 1064nm operates in both a "Q"-switched and long pulse mode. This is a first in the medical laser industry and affords results that have traditionally required two different lasers. Taken together with a "Q"-switched 532nm and two 532 pumped dye hand-pieces that produce 585nm and 650nm, the Spectra VRM III is the perfect solution for treating multi-colored tattoos, including light and dark inks."
Let the "laser wars" begin!