It's also far from ready for prime time. MeeGo 1.1 (due to be "released" shortly) contains many bugs that would be considered release blockers in any other distribution but get through here because of MeeGo's "take what's in the repos on $RELEASEDATE and call it $NEXTVERSION" policy.
Additionally, it looks like there's going to be an ABI break with 1.2 (softfp vs hardfp) so even the promise of forward binary compatibility is broken.
In short, MeeGo Handset 1.1 is only useful for development purposes, 1.2 (hopefully) will be the first release that will be suitable for building commercial products and that's 6 months away.