This release was pushed out to fix the obvious bugs and have maximal compatibility with older versions before adding new features.
Changelog:
#271685 (by mannkind): fixes menus not being updated when a node is deleted.
#220803: Fixed breadcrumb in node view.
#245199 (by professorbikeybike): Fixes submenus.
I was about to fork the module (i already created the Taxonomy Menu PLUS on http://drupal.org/project/tmp but i didnt commit any code), but the site admins gave me the CVS access, so i implemented some new features and fixes.
New Features:
Better paths: instead creating paths based only on Terms IDs, it uses also the Terms Names
Integrate with Views: create a view that the argument is the Term ID
Module ID: you can now use anything/1/2/3