While it doesn't particularly feel like a natural place to have a release now, it has been 3.5 months since release 1.1, and that was while we were still in the incubator.
More frequent releases allows users access to new features in a timely manner without using a nightly build, and thus allows developers more flexibility to change things between releases. So what features / issues do people think we need to resolve before we make a 1.2 release? -Yonik