I saw something recently concerning base 2 base figures and ranged combat that differs from the way the game played before the Indy changes. I can't find a ruling on it in the new rules or the FAQ.

Here's what I remember: My figure (A) is base to base with an opposing figure (B) and wants to make a ranged attack with another opposing figure (C) which is within range but several spaces away. According to what I saw, this is now legal, and I can shoot at a distance even though I am in close combat with another figure. If this is now the case, where can I find the ruling on it. Perhaps I've overlooked it, or perhaps this was just a rumor. Thanks -A

This can now be done if the attacking character is a flyer. the ruling you are looking for is in the FAQs, page 2, Rulebook Corrections:

Thanks, I overlooked it multiple times. I must need glasses.

One thing that is unclear for me is this. It sounds as if I have a grounded figure adjacent to a hovering figure, I cannot attack another figure from a distance? Is this correct or does the grounded figure have the same choices?

No, a non-flyer can only attack adjacent opponents.