GStreamer maintainer and code god Wim Taymans just posted an update on the the progress of GStreamer 0.11 to the GStreamer development mailing list. For those interested in learning about the new features coming in GStreamer 1.0 this email (along with the previous update) is must read material.
In addition to the updates on the core coding work and important notice from Wim in his email is that the very first 0.11.x release will happen this week, so that you have a snapshot release to start playing with. GStreamer 1.0 is moving forward at a fast pace, so be prepared :)
Hopefully we can do a GStreamer 1.0 release part at the GStreamer Conference 2011!