CraftBukkit 1.2.3 beta release
Upgrading to Minecraft Server Hosting 1.2 means that players wanting to play with the new features must do so at the cost of dropping plugin support. Swapping their CraftBukkit server JAR for the official release, waiting until the Bukkit team release a new CraftBukkt.
https://getfile3.posterous.com/getfile/files.posterous.com/minecraft-hosting-...
It looks as though the wait shouldn't be as long this time. Bukkit have already announced a CraftBukkit 1.2.3-R0.1 beta version. It's not quite a recommended build, there's no guarantee that your favourite plugins will work, there may be some minor bugs left in. The combination of the Bukkit API having had a code cleanup and all the fundamental changes between Minecraft 1.1 and 1.2 means that a lot of plugins will need some work doing on them too. This beta release should help all those plugin developers get up to speed, getting all those fixes ready for the first reccommended build.
We should be seeing CraftBukkit 1.2 servers running much sooner than expected. The new Mojang-Bukkit partnership seems to have had an effect.