There's not a lot to be excited about really - the major feature in this release is schema migration. I don't think that's a bad thing necessarily and suspect many python developers appreciate the slowish and thoughtful release cycles for Django.
And I think a lot of people aren't commenting about that because it's not "new" per se and is done well by South.
I think I heard that some of this stuff will be backported to South for those of us stuck on 1.5/1.6, however.