Yep. Looks like 1.3 was released today as they promised. As a reminder to you folks... well, mainly to our new players.. We will be waiting just a little while longer while Bukkit has its upcoming update. If you want to play on the server, your game will still need to be 1.2.5. If you upgraded to 1.3, then you will get a "outdated server" error when trying to connect. Some people in the past have managed to cope with this by having two installations of Minecraft, one for each version. It's a pain, I know, but we have to wait for our plugin structure to be properly compatible with the new version of the game.
Hopefully this update won't be as bad as the horrendous wait from Beta 1.8 to the Full Release. :V We'll keep you guys posted when we're ready to update the server.
...and no, we won't be moving to another world for the update. We'll be launching a third world that will have all of the new shiny 1.3 stuff generated within. I'm sure that this setup will work out and we'll never have to worry about schematic imports again~~