Phoenix 0.3 has been released!
View the Release Notes. Found via Slashdot.org.
The Mozilla-based stripped down browser has now reached binary release 0.3. They are ripping out all the mail and news functions, composer functions, and IRC functions. The point is to work against the 'monolitic' mozilla trunk and make a browser, not a suite. I've noticed that it now uses considerably less memory than Mozilla uses and loads faster.