Re: PunBB 1.2.1
sPuD: If you want to keep up with the very latest changes, you'll have to get them from Subversion (via dev.punbb.org if you like), but there's no guarantee those changes are for the better.
I did update the 1.2.1 zip once (about a day after the release), but that was because I forgot to bump the version number in the install script.