However, that doesn't mean there won't be soon. I'm going to see if I can't get it out as a Christmas present to all you, my faithful users.
I don't know what exactly it will have and what it won't, but hopefully it'll be something new, something without all the bugs that 1.1 has, something you can use.
No promises, but I'm going to try my darndest.
Update: You can turn off these notifications pretty easily. Just go into the options menu and look for the option that talks about "Check for New Versions." Turn that off and voila you're done!