It is pretty much like 1.01, with some bug fixes, and a few added features, such as PostScript support. Since this machine has an EGA card, the low resolution color monitor can display 16 colors. I made a document in the year 19100. Also note that I wupped it in Reversi. The windows are now overlapping, but MS-DOS Executive is still running the show.
Paint is still mono, commands are still quite limited.
There is also no online help. This is Windows 3.0, circa 1990. It has the new Program Manager, as well as a separate File Manager. Paint has been replaced by Paintbrush, which is in color. Solitaire is now part of the package, and Reversi is still with us, but not for long.