Glare and bloom as render element

I guess it’s already planed, but nevertheless i’ll post it as a reminder :]

when is it planning on coming out?

It is already out in daily builds: 1.5 Daily builds changelog - Corona for 3ds Max :: Previews (Daily Builds) - Chaos Forum
Will be available in 1.5 as well.

Is there a link to shows what each of the glare & bloom options effect?

Thank You.

If you ask if there documentation on bloom&glare, then answer is no. Those features is still work in progress, so there’s not much point to document them, as things may change. Anyway, bloom&glare controls are very intuitive and highly interactive - just try to drag some spinners and watch changes in live VFB.