He's doing both at once. v1.0 would redo a lot of the art up to the Jake arc, which is like a year's worth of edits, on top of all the new stuff he wants to add. This way, he can still put out new updates while also building up a buffer so the wait for v1.0 isn't as bad. So we're looking at a release this month, one next month, and one the month after that, then I suspect we will be waiting between three and six months for v1.0 to give us the rework and endings.