What I really hate about all the 1.2 issue is how little we all know about it; as far as information is concerned, the Tremulous community is WAY in the dark. As in, bathed-in-ink dark.
Has ANY information come out from the devs about progress on the project? If and when 1.2 comes out, it had better be a completely new and radically improved game. Waiting for years just to get a bugfix and new version number? That will incite riots. Personally, I'd lead them.