It's just a formal release. Every six months people try to stabilize the package versions and try to make a fairly complete (=minimally broken ) release which is hopefully less prone to cause explosive nosebleed on first contact with non-developers. Just as the terminal-mode 1.0 release. It was a release, it was installable, it was 1.0, but it was not really what the end users want.

It is wrong. It will never be similar to Maemo, for better or worse. MeeGo as such doesn't have any 3rd party commercial components which are sort-of expected in a productized release. So Flash, Skype, Ovi Maps, Ovi Store, etc, are NOT part of MeeGo. They will of course be present/shipped in the products BASED on MeeGo, but that is not what this 1.1 release is about.