I'm not staff but I'm a beta tester and I've been in your shoes with MLO. 
(I have the rants on here to prove it..)

I know what happens when speculation runs rampant so I'm gonna toe the line 
carefully here to say that some very active beta testers have spotted a 
last-minute issue in the conversion of data from MLO v1 to v2.  No one 
wants a release that's gonna goof existing data on already impatient users 
so there's a flurry of activity fixing it.  It's only affected two users so 
far as I know (my own conversion went perfectly) but that's enough to 
trigger a delay.

For those that need some assurances that it's not vapor I'll say RC 
releases have been fast and furious in recent weeks and esp. in recent 
days.   It sucks that it's taken this long I know, but I do see that a 
release is imminent.  As much as you've been exceedingly patient already if 
you have just a little more I know you'll get to the reward.

Sorry I can't say more (probably said too much already.)

J.

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