I know I've been promising (and promising and promising) to update the spec. Well, I finally did:
OK - Ron has gotten about a billion balls rolling all at once, and I can't keep up.

What I can do, and did, was get most of the changes I promised ready for version 1.2 of the spec. It's a giant pull request, but I agree that future pull requests should be smaller:
https://github.com/mastercoin-MSC/spec/pull/3This version of the spec, which I labeled 1.2, has dividend payments, CFD betting, spending rate-limits for savings wallets, and distributed e-commerce. Many people will probably use the latter feature as a distributed silk road, but I used selling contraband Bibles as my example

I haven't done proof-of-stake voting yet, although that should be easy. I decided against a kickstarter feature, since someone who can be trusted to run a kickstarter can also be trusted to give the money back if the target isn't raised.
This doesn't affect anything you guys are currently working on - just fleshing out a bunch of stuff I had promised to add.
This is one giant pull request, but expect to see smaller ones in the future, and originating from other people besides myself