We are very excited to make Gravity Forms v1.2 available as a BETA release. After this beta phase we will release it for general use via Automatic Upgrade. This release features a bunch of new features and enhancements.
To get the entire rundown of what is new, including screencasts of the new features, read the complete announcement here:
http://www.gravityhelp.com/gravity-forms-v1-2-beta-now-available/