Just thought I'd post a list of new features that people can expect to see here...
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Other: [NEW] Events Calendar - This will replace the current calendar... all events will be lost, and re-added as we get to them.

Other: [NEW] COPPA compliance - In other words, the site makes sure you're 13 or older to ensure compliance with the Children Online Privacy Protection Act in the USA.
Private Messages: [NEW] Forward Message - Handy

Private Messages: [NEW] Graphic display on allocated storage size remaining
Private Messages: [NEW] Message Tracking
Private Messages: [NEW] Carbon Copy Feature - Also handy
Private Messages: [NEW] Save as draft feature
Private Messages: [NEW] Ability to receive email notification of any new private messages
Private Messages: [NEW] "Select all read messages" link
Private Messages: [IMPROVED] Cleaner interface with a more logical structure
Posting: [NEW] Ability to remove, or change an attachment when editing - Quite handy

Posting: [NEW] Root forums can accept sub forums and remain postable - In other words, the Announcements Forum will revert to being one forum, with the Forum Announcements forum as a sub-forum to that. Kinda handy, that.
Posting: [IMPROVED] Improved Code Buttons - I think everyone will agree that's exceedingly handy...
Posting: [NEW] Ability to set an independent poll question to the topic title
Posting: [NEW] Admin ability to allow [URL] and[IMG] tags in polls - If this gets abused, I'll switch it off...
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The following few things are really only of Moderator interest...
Moderation: [NEW] IP Management center: Look up IP address, find all users that match an IP or find all posts made under an IP
Moderation: [NEW] Ability to view / unsubscribe all users from a topic
Moderation: [NEW] Ability to merge two topics into one - Look, it's built-in now!
Moderation: [NEW] Ability to split a topic into two - More built-in stuff!
Moderation: [NEW] Ability to move a topic directly after posting - Could be useful
Moderation: [IMPROVED] Re-written Moderators Control Panel: Includes topic by topic selection to move/prune/pin/unpin/close/open and delete - Anyone who's used the ModCP will agree this is also really spiff.
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More user-related stuff
Search: [NEW] Search flooding added (by member group)
Search: [NEW] View results as posts
Search: [IMPROVED] Increase in speed and effiency
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Some of the cool stuff I get to do now:
Admin: [NEW] Ability to set up custom profile fields
Admin: [NEW] Ability to change the active user list cut off minutes
Admin: [NEW] Ability to add individual members to the post moderation queue - So if someone becomes a serious problem, we can set your account so that any posts you make MUST be processed before they're posted. More incentive not to misbehave

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Admin: [NEW] Ability to add a group as a moderator. - Whee-ness.
Admin: [NEW] Upload permissions can be set on/off for each group in each forum. - Very whee-ness!
Admin: [NEW] Ability to change a member's username - If anyone ever wants their username changed, I can do that now!
Admin: [NEW] Bulk emailer; email members based on group, last online and post count - Not that I'll use this much, but it could come in handy for extremely important announcements.
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Interface-related stuff for everybody!
Interface: [NEW] Ability to download a copy of the topic in HTML or Microsoft Word compatible format
Interface: [NEW] Quick log in box for guest users
Interface: [NEW] After log in, you're taken to the page you logged in from
Interface: [NEW] Users browsing forums feature (can be switched off) - Displays what users are looking at the forum with you.
Interface: [NEW] Users browsing topics feature (can be switched off) - Displays what users are looking at the topic with you.
Interface: [NEW] Yahoo! Icon linked to Yahoo! Messenger Console
Interface: [NEW] MSN Icon linked to MSN Messenger Console
Interface: [NEW] Ability to choose posts per page and topics per page - Coolness stuff there!
Interface: [NEW] Report post to moderator link on each post - Wow, more handy user-friendly moderatorial stuff!
Interface: [NEW] Who posted featurette
Interface: [IMPROVED] Edited by line now in viewers time zone
Interface: [IMPROVED] Pinned topics have their own HTML rows and start / end rows - Not only are pinned topics at the top, they're seperated into a seperate section entirely.
Interface: [IMPROVED] PM Pop up contains a direct link to the latest message (saves a few clicks!)
Interface: [IMPROVED] Printable Version of topic HTML makeover - Much cleaner printouts now.
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Active Users: [NEW] Link to topic with topic name a user is browsing - Tells you what topic a user is looking at and provides a link to it.
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Registering: [NEW] Anti "Flood Bot / DoS" control when registering, forces user to input a random numeric string shown in images - Bite me, trolls!
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Subscriptions: [NEW] Ability to "auto track" topics you participate in
Subscriptions: [NEW] Ability to receive notification of new topics in a forum via "Forum Subscription" feature
Subscriptions: [IMPROVED] Viewing current subscriptions list grouped by forum
Subscriptions: [IMPROVED] Frequency of emails for tracked topics increased to 1 per board visit
This is just a partial list, if that gives you any idea how much new stuff has been added to IBF 1.1. I chopped out stuff I either wouldn't be implementing on this board or which dealt explicitely with my ability to run and skin the boards.
Anyway, there's your fun overview

. Assuming everything goes well, the board should be upgraded in a couple of weeks. I get the beta release tomorrow to fiddle with, and after I've re-made the base skins available here, and re-tooled some things on the website, the boards will be upgraded. In all likelyhood it'll be in a couple of weeks.