Last version has Light Wallet (menu Mode)
I like the sound of a light wallet! Can you give us more details?
Do we need to download a small part of the blockchain or need to access a remote server?
(It am still on 0.82 and it is working fine, don't want to mess it up)

0.92 supports both: Full and Lite modes.
Lite mode works for BTC and some other currencies.
When it is enabled, the client requests only Txes for its own addresses.
This feature is still experimental and subject to modify and optimize in the next versions.
But Full mode is very slow with huge BTC database.