how do relative references to dlls work? I tried editing script.linq file that i have to use relative path
<Reference Relative="..\..\Some.dll">..\..\Some.dll</Reference>

but open and then save the script from beta linqpad 2.40.07) i end up with:

<Reference Relative="..\..\Some.dll">c:\full\path\to\Some.dll</Reference>

is linqpad going to use the value in "Relative" attribute if it's available and will ignore the full path value of the element?

The recent betas store references as both relative and absolute.