Autodesk Released a hot fix for 3dsmax, fixes normal maps in the viewport.
Or does it? I haven't tested it out yet so let me know if it launches missiles at Russia or something crazy.
It includes a fix for displaying normal maps in the viewport correctly. This was largely brought about by one of the many normal mapping threads here on Polycount (be proud, your b!tching paid off!) that was brought to the attention of Ken Primtell who has been known to lurk and occasionally post in these parts.
Check out all the rest of the hot stuff they packed in there.
Thanks to r_Fletch_r for bringing this to our attention.