The 1.5 release of the Mobile SDK is now on GitHub.

Latest enhancements include:

Updated iOS and Android SDKs to Cordova 2.3
Make sure to change all the older cordova-xx.js references to cordova-2.3.0.js in your projects

Security Enhancements
Snapshots of the app screen sent to the background can be substituted to a white screen to prevent capture of sensitive information

iOS SQLCipher Versioning
Enhanced passcode security and configuration are now available options for the secure offline database

String Localization
Both the iOS and Android SDK now support localized strings in an external resource