I think the reason it seems so long is the short time between 1.1 and 1.1.1 (which for some reason I thought was more of a tweak to prep for 1.2). The the rather unexpected release of the 1.2 SDK lead people to assume that the release of PR1.2 was imminent. This prompted the change to the auto-builder, which caused problems, but made even more people believe 1.2 must be right around the corner.

From the link several posts up, it sounds more like Nokia is doing a lot of tweaking (and perhaps causing more bugs) rather than adding more fixes/content. Still sounds to me like they're waiting on other groups contributions (Ovi store, maps) and figure they may as well tweak until those other items are ready instead of releasing without them. I am beginning to suspect 1.2 will be the last major update, all the more reason to spend time tweaking.

Looks like it's time to do a little more reading, then install the leaked version this weekend.