This should be the last pre-release version of 1.2, we hope to have the final version released very early next week.
Don’t forget that you can also play your part in testing by signing up at our BuddyPress Test Drive community. This is currently running 1.2-rc3.
If you are upgrading from an earlier pre-release version then you
can just overwrite must delete it and then re-upload the BuddyPress plugin directory. Instructions for upgrading test installations from previous versions of BuddyPress are also available.
Please do not post bugs in the comments as they may be missed.
Update: Please make sure you delete any old pre-release versions of BuddyPress before uploading this version. You also DO NOT need to move any themes to wp-content/themes. WordPress knows that the BuddyPress default is in the plugin folder.