Chris Hartjes has blogged about the new CakePHP release that's on the horizon - version 1.2:

I'm certainly not the only person who has been blogging about this, but I thought I'd mention that a feature freeze is coming up for the next CakePHP 1.2 release, codenamed 'DV'. My very modest contribution this time around is a patch to fix a problem with running 'cake bake' on Windows, where it was mangling the app path that a user would enter. Ticket 4495 if anyone is interested.

He makes a few recommendations about how to get involved in the project, but also mentions some of the "trouble in paradise" that's been happening on the mailing list (not friendly for beginners?) and about the direction of the project.