No, still in beta, but it's a semi-open beta open to all paid users.
I'm still recovering from the HW loss earlier this summer so work is slow, but according to UPS I'm getting my last piece of the puzzle delivered (actually no, my wife's picking it up for me) tomorrow, so I expect v1.2 to go gold before next weekend.
If you haven't visited the website for a while, there's now a bugtracker available along with automatic roadmap and changelog which will give you an indication of where we're at. Of course, some of the "issues" reported for the current release (1.2.08238), especially feature requests, will be put on the backburner and tagged v.Next when and as I get around to them. This because the other project (myDVD - name to be decided) is demanding quite a lot of time initially.