The short answer: yes, there is a 1.2 release coming very soon. I'm hoping on the 23rd of December; however I have another obligation which may push this to the next week.
Please log any specific issues you're having with the 1.0.1 release on the issue tracker (http://studioshell.codeplex.com/workitem/list/basic); I would also ask that you also report the issues you're having with the build as well. This is the only
way I can make sure these things get addressed outside of a patch request.
In the meantime, if you simply cannot wait I can send you an MSI for a local build - just send me a private note either through my Codeplex profile (http://www.codeplex.com/site/users/view/beefarino) or using the contact form on my blog (http://www.beefycode.com/contact.aspx)
and I will get you an MSI today.