Came out Tuesday. Mostly patches and bug fixes. I'm not fond of rapid version changes, but at least they are working to keep up with web practice changes.
On a side note Google has apparently bailed out Mozilla Corp on the HTML5 video codec mess. By refusing to go along with every one else on H.264, Google has basically ruined HTML5 direct play video for everyone.
H.264 is still patented and licensed, so it may be "open source" but it ain't free.
I don't think Theora is going anywhere, but maybe with Google behind WebM, WebM will have a future. Flash still sux, even if there is a Linux version.