Update as of 9/13/2012
* Implemented the option to enable the single store mode in the system configuration, which simplifies the back-end GUI:
  * Hiding scope labels from the system configuration
  * Hiding the scope switcher from the CMS management pages and the system configuration
  * Hiding scope related fields from the system configuration
  * Hiding scope related columns and fields from the sales pages (order, invoice, shipment pages)
  * Hiding scope related fields from the promotions
  * Hiding scope related fields from the catalog pages
  * Hiding scope related columns and fields from the customers management page
  * Hiding scope related columns and fields from the customer and customer address attributes management pages
* Implemented the history management for the Visual Design Editor
* Implemented the user interface for themes management, which allows to list existing themes and add new ones
* Replaced all usages of the old JavaScript translations mechanism with the new jQuery one
* Refactored methods with high cyclomatic complexity
* Converted some surrogate integration tests into functional Selenium tests
* Converted some surrogate integration tests into unit tests
* Fixes:
  * Fixed inability to install application with a prefix defined for database tables
  * Fixed displaying fields with model name in the payment methods settings
  * Fixed performance degradation of the back-end menu rendering
  * Fixed absence of the success message upon newsletter template creation/deletion/queueing
  * Workaround for occasional segmentation fault in integration tests caused by `Mage_Core_Model_Resource_Setup_Migration`
* GitHub requests:
  * [#51](https://github.com/magento/magento2/issues/51) -- fixed managing of scope-spefic values for Categories
  * [#56](https://github.com/magento/magento2/pull/56) -- removed excessive semicolon in the CSS file
  * [#60](https://github.com/magento/magento2/issues/60) -- fixed taking bind parameters into account in `Mage_Core_Model_Resource_Db_Collection_Abstract::getAllIds()`
  * [#61](https://github.com/magento/magento2/pull/61) -- relocated declaration of the "Google Checkout" payment method into `Mage_GoogleCheckout` module from `Mage_Sales`
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