No, the J!1.7 version is not finished yet, but we're betatesting as we speak!
In fact, if you want to take a peak, this site is actually running the latest beta version ;-)
I know the new version is way overdue, but I just lacked the time, however the last few weeks I have had some help from a fellow developer and that really threw us in the next gear, thanks Martin, really appreciate it !
Besides making it fully MVC and thus Joomla! 1.6+ compatible we also added a few nice features.
If you want to give it a try in your own test environment,
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and I'll send you the latest build.