Gnumeric 1.2.0 aka "Emb-Ext" is now available.

The next generation of Gnumeric is ready for general use.  It has taken almost 20 months to make the jump to Gtk+-2.x without feature regressions.  We've put the time to good use.  This release is faster and lighter than 1.0.x, but boasts an impressive array of new and extended capabilities. Details available Here

The breadth and stability of Gnumeric's analytics enabled us to receive a grant from Mitch Kapor (creator of Lotus 1-2-3) to develop an interoperability test suite with leading proprietary competitors. The money will be used as form of bounty to fund the expansion of our existing tests for worksheet functions (eg =SUM, or =ODDFPRICE). Our goal is to ensure that a users data will produce the same results (or better :-) using Gnumeric. The test suite will be in xls format, and will be freely available to all other interested projects.

Exact prices have not been decided as yet, but this is an excellent opportunity for non-coders to help open-source programs, and earn a bit of money too. Specifics to be announced on the mailing lists in the coming weeks.

Official announcement here

"Persons who wish to use a spreadsheet to perform statistical analyses, and who are concerned about the accuracy of their results, are advised to use Gnumeric rather than Excel."
Dr. B. D. McCullough, associate professor of Decision Sciences at Drexel University and a noted authority on the accuracy of statistical software
"... the many advantages of using open source software such as Gnumeric are quickly overtaking the one advantage of using Microsoft's proprietary Excel software, namely interoperability with other users of Excel."
Morris Pearl, Columbia University. Ex-head of Fixed Income Quantitative Research at UBS Warburg
In addition to the source tarball and packages from all of the standard distributions Ben Liblit of the Cooperative Bug Isolation Project has made some specially instrumented packages for Red Hat 9 that can provide feedback to help us fix bugs in the unlikely event that something breaks.  Please consider trying these packages.  Hopefully, 1.2.x will be at least as  stable as 1.0.x, and will generate very little data :-)
The 1.2.x branch is stable, and will receive bug fixes and translations updates only.  We follow the standard GNOME versioning conventions, and intend to branch 1.3.x branch within the next few weeks to begin the next phase of development. The next release is planned to coincide with GNOME-2.6 and the other GNOME Office components.
Team Gnumeric
Jody : Maintainer
Morten W : All round powerhouse
Jon K Hellan : Widget Wizard
Andreas Guelzow : Stats and so much more
Jukka Pekka : Solvers
Adrian Custer : Docs
Hal Ashburner : Option pricers
Emmanuel Pacaud : Widgets and Charts
Nicolas Peninguy : Charts
J.H.M. Dassen (Ray) : 1.0.x Maintainer
Gnumeric relies heavily on other projects prce, R, glpk, lp_solve, and of course GNOME.

Beyond the individuals listed explicitly in the credits thanks are owed to the many people who have contributed patches during Gnumeric's development.  Here is a list of those whose names showed up in our ChangeLogs.  If I missed you please accept my apology.
: Almer S. Tigelaar, Ben Liblit, C. Scott Ananian, Chema Celorio, Christian Meyer, Christian Neumair, Christophe Merlet, Christopher Benedict, Danilo egan, Fernando Herrera, Gustavo Carneiro, Guntupalli Karunakar, Jakub Steiner, John Gill, Joseph Pingenot, Joshua R. Odom, Juan Pablo Mendoza, Kevin Breit, Lutz Müller, Martin Hoffmann, Metin Amiroff, Michael Meeks, Murray Cumming, Pablo Saratxaga, Peteris Krisjanis, Rodrigo Moya, Seth Nickell, Yanko Kaneti, Wayne Schuller, Zbigniew Chyla

Many thanks to the translators too, these tireless folk have to deal with the tremendous volume of text in Gnumeric and deserve a lot of credit for wading through abstruse terms and jargon
: Abel Cheung Andras Timar, Artur Flinta, Carlos Perells Marmn, Changwoo Ryu, Christian Rose, Christophe Fergeau, Dmitry G. Mastrukov, Duarte Loreto, Fatih Demir, German Poo-Caamanqo, Gil "Dolfin" Osher, Hasbullah Bin Pit, Jan Moren, Jarkko Ranta, Jordi Mallach, Kjartan Maraas, Kostas Papadimas, Metin Amiroff, Miloslav Trmac, Nikos Charonitaksi, Pablo Gonzalo del Campo, Pablo Saratxaga, Peteris Krisjanis, Roy-Magne Mo, Stanislav Visnovsky, Takeshi Aihana, Valek Filippov, Vincent van Adrighem, Wang Jian, Yanko Kaneti, Yukihiro Nakai, Zbigniew Chyla