We've made a lot of progress in the last few months. We have a lot of great functionality - some great sequencers, federation, the start of a JCR implementation, and lots of improvements.
So while we're getting close to the point where I'd like to release 0.2, there are a number of outstanding issues. Several of them are pretty major (e.g., JCR and federation) and still under heavy development, and they'll no doubt drive the release date. There are a few outstanding issues that don't fall into this category. Please take a look at the unresolved 0.2 issues (see https://jira.jboss.org/jira/secure/IssueNavigator.jspa?sorter/field=resolution&sorter/order=DESC).