I was previously running .TEXT .95 but the source code had been dead and rotting for a while. Thankfully, Phil Haack forked the code and got it moving again in the guise of the Subtext Project. The first public release came out last month.
It's looking good. Had no problems compiling the source myself and ran the migration on the live database. Sweet. Looking forward to the better spam control and new features trickling out. Now I have to tweak some skins the way I want them.
If you're still on .TEXT, it's time to move.