Norman3D's MaxScript Pack #1 is a set of tools that will allow you to do some cool effects with verts and vectormaps. The pack also contains help files and tutorials for all the tools.
All of these tools should be compatible with current-gen and mobile platforms.
The pack contains the following scripts:
3D Vector Displacement
This tool will allow you to bake vert positions to different channels in your mesh. These positions can then be retrieved by a vertex shader and used to morph between the shapes.