So, when are we going to see this all? Well, we're hoping to have 1.2 running here on XenForo.com in early June. The initial beta release will follow, based on how well the time on 1.2 goes. The final release of 1.2 would be wholly dependent on how the beta process goes.
Any new features and functionality will be posted here: http://xenforo.com/community/forums/have-you-seen/