Update as of 9/27/2012
* Refactoring Magento 2 to use jQuery instead of Prototype:
  * Implemented simple lazy-loading functionality
  * Converted decorator mechanism to jQuery
  * Moved Installation process to jQuery
  * Moved Home, Category and Simple Product View pages to jQuery
  * Moved all frontend libraries from `pub/js` directory to `pub/lib`
* Improved Javascript unit tests to be consistent with other test frameworks in Magento
* Added Javascript code analysis tests to the static tests suite
* Added jQuery file uploader for admin backend, cleaned out old deprecated uploaders
* Implemented fixture of 100k orders for the performance tests
* Fixes
  * Admin menu elements order differs for a cached page and non-cached one
  * Typos in System > Configuration > General Tab
  * Wrong elements positions on "View Order" page
  * Impossible to configure checkout on store scope
  * Warning message in `system.log` when using GD2 image adapter
  * "Preview" link is absent for managing CMS Pages in single store mode
  * "Promotions" tab is missing on Configuration page
  * Wrong format of performance tests config
Update as of 10/09/2012
* Performance Testing Framework improvements:
  * Added ability to specify fixtures per scenario
  * Implemented Magento application cleanup between scenarios
  * Implemented support of PHP scenarios. The framework distinguishes type of the scenario by its extension: `jmx` or `php`
  * Added ability to skip warm-up for a certain scenario
  * JMeter scenarios are run with `jmeter` command instead of `java -jar ApacheJmeter.jar`. It's impossible to specify path to JMeter tool now, it should be accessible from command line as `jmeter`
* Implemented fixture for Performance Tests with 80k products distributed among 200 categories
* Tax rule management UI simplified:
  * Added `Jeditable` jQuery library
  * Added multiselect fields for customer tax class, product tax class and tax rate
  * Added ability to add/edit Tax Rate directly from Tax Rule page
* Simplified product creation workflow:
  * Added product types dropdown to "Add Product" button. Default attribute set is used for product creation
  * "Add Product" button opens form for Simple product with Default attribute set
  * Attribute set can be changed from product creation form
* Implemented auto-generation of product SKU and meta fields. The templates can be configured in `System -> Configuration -> Catalog -> Catalog -> Product Fields Auto-Generation`
* Added ability to unassign system attribute from an attribute set, if it's not "Minimal" one
* Specified UI IDs for base Backend elements. UI ID is represented as HTML "id" attribute intended to identify certain HTML element
* Refactored `Catalog_Model_Product_Indexer_Flat::matchEvent()` method - reduced cyclomatic complexity
* Updated DB structure to make possible to store Themes' and Widgets' layout updates
* Migration to jQuery:
  * Replaced Ajax, Dialog and Template mechanisms with jQuery analogs
  * Added jQuery loader for translation process
  * Migrated Inline-Translator to jQuery
* JavaScript improvements:
  * Implemented `editTrigger` jQuery widget intended to display "Edit" button for elements it is attached to
* Fixes:
  * Incorrect title for "Currency Symbols" page on Backend
  * References to website, store and store view aren't displayed on Backend, if Single Store mode is disabled
  * "Store" column and dropdown are displayed on `System -> Import/Export -> DataFlow-Profiles` page, when Single Store mode is enabled
  * Options are absent for `'tax_class_id'` product attribute
  * No exception/error message is produced, when attempting to commit/rollback asymmetric DB transaction
  * Links are not copied during downloadable product duplication
  * PayPal tab is absent in `System -> Configuration -> Sales` section
  * "Edit" link in wishlist opens Product View page instead of "Configure Product" page
  * Default value for a product attribute is not saved
  * Escaped HTML blocks with `Mage_Core_Helper_Data::jsonEncode`, where necessary
  * Impossible to add new Dataflow profile
  * Impossible to specify default option for new product attribute with "dropdown" type
  * Unable to send the email when creating new invoice/shipment/credit memo
  * "Segmentation Fault" in Integration tests
* GitHub requests:
  * [#36](https://github.com/magento/magento2/pull/36) -- added ability to force set of "Include Tax" option for catalog prices
  * [#63](https://github.com/magento/magento2/pull/63) -- removed obsolete "args" node in event subscribers
  * [#64](https://github.com/magento/magento2/pull/64) -- fixed EAV text attribute validation for "0" value
  * [#72](https://github.com/magento/magento2/pull/72) -- fixed collecting shipping totals for case, when previous invoice value is 0