Just a small aesthetic thing really.
When there are unread submissions, it displays the number in a circle; like with unapproved comments / plug-ins with updates. Although I did spot that you currently use it to highlight that GF has an update.
And perhaps classes .empty / .unread on the menu item, so developers can swap out the icons depending on the status. Wanting to use the Fugue icon set's inbox empty/full icon.
Bit of a nit-picky request I know...