This isn't a formal announcement, but 1.2.0 alpha 1 has been uploaded. We have sneakily named it with a date stamp for windows and hidden it in a new PPA for linux.
The windows build is here: http://download.tuxfamily.org/makehuman/nightly/ ("makehuman-community-*-win32.zip")
The PPA is here: https://launchpad.net/~makehuman-offici ... -community
We're in the process of validating a few last things, and are finishing the release notes (which are here: http://www.makehumancommunity.org/wiki/Releases:120a1). But if nothing unforeseen happens, we'll simply rename the already uploaded binaries and announce them as 1.2.0-alpha1.
So if you want to help out, testing is welcome. We're particularly interested in knowing if the asset downloader is a smooth experience in the new build as some things have changed around regarding hosting and initial seeding.