http://electrum-desktop.com/
http://f.cl.ly/items/2U0B061D1q2f1g431D1n/Screen%20Shot%202012-08-12%20at%2010.45.51%20PM.png

Download
The downloads can be found on electrum-desktop.com.
Please note that the OSX .app is not all there yet, it seems only to run on >= 10.7 for now.

Why this topic
ThomasV, the author of Electrum, has made it public that he is not going to add new features to the client while a couple of us still see a lot of room for improvement. Genjix and myself (Animazing) have been working on the new version and decided to bump up to the version 1.0 to make a clean start. The code for the client has moved to Github and the code for the server will follow shortly.

About Electrum
Electrum is a lightweight client that was designed to simplify the use of Bitcoin. You do not need to perform regular wallet backups, because your wallet can be recovered from a secret phrase that you can memorize or write on paper. There is no waiting time when you start the client, because it does not download the Bitcoin blockchain; instead, the client relies on remote servers. Everybody can run his or hers own electrum server this keeps the client decentralized.

Why you want it

Encrypted: your private keys are protected with a password. You are protected from thieves.
Deterministic: If you lose your wallet, you can recover it from its seed. You are protected from your own mistakes.
Instant on: the client does not download the blockchain, it gets that information from a server. No delays, always up-to-date.
Secure: Your private keys are not shared with the server. You do not have to trust the server with your money.
No downtimes: Several servers are available. There is no single point of failure.
Ubiquity: You can use the same wallet on different computers. Your wallet is "in the cloud", and that cloud is the Bitcoin blockchain!
Freedom: Electrum servers do not store user accounts. You are not tied to a particular server.
No scripts: Electrum does not download any script at runtime. A compromised server cannot compromise your client.
Free software: Gnu GPL v3. Anyone can audit the code. Anyone can run a server.

Website
The new, open-source, website can be found on http://electrum-desktop.com/. This website uses Github pages and can be edited by pulling the gh-pages branch from github.

Latest release information: v1.0

New style for the Lite GUI
History view ported to Lite GUI
QR Support for sending transactions
New website
Client code moved to Github
Build scripts for OSX

Contributers for this version
Coblee, ErebusBat, Genjix, Slush, Animazing

Issue tracking
The main repository has moved to Github. This means we also have proper issue tracking now. If you find anything weird please create a bug report over at Github.

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