GRE General Test, the exam (some would say The Exam) that you need to take if you wish to get into Masters and Doctoral programs in US universities, is changing. The main change is that it will become (starting about one year from now) some 60 % longer than it is now, but the overall pattern remains roughly the same. The remaining changes are mostly administrative. I really wouldn't call it 'revamping', but NYTimes would.
GATE, on the other hand, is The Exam to take if you wish to pursue a Masters program in engineering in any of the leading universities or institutes; in the sciences, it is one of a set of exams that a student can take. Unlike the GRE General Test that tests you on general skills (verbal, quantitative and analytical reasoning), GATE is subject specific. Another difference is that GATE is offered only once a year. The 2006 edition of GATE will be held on 12 February 2006, and the issue of application forms has already begun.
Until 2004 (or, was it 2003?) GATE had two sections, one with multiple choice questions, and another with questions that require longish answers. Many people -- including me -- felt that the entire exam should be converted into one with just multiple-choice questions. We used to cite GRE General Test as a good model of such an exam. Finally, GATE administrators announced the conversion to the all multiple-choice pattern. Ironically, this decision was made at a time when the GRE administrators announced that they were going the other way! As many of you probably know, the present-day GRE requires the candidates to write a short essay.
Frankly, I prefer the all multiple-choice version.