Today, two new versions of CakePHP have been released: 188.8.131.5205 (a bug fix release), and 184.108.40.20606, the long awaited development version of CakePHP 1.2. It contains several new features, e.g. an improved form helper (see Nate’s introduction), a mail component, and I18N support. See the announcement for more details.
Happy baking :)