iTerm 0.9.6.1201 is Out!
I decided to check and see if there was an update to iTerm - and there was! The latest release hits the transparency problems as well as removing updating threads to limit the contention issues and pasting big hunks of text. While I'm probably not going to switch as Terminal is still better with the workspaces feature, it's nice to keep up to date and see what's happening with the project.
Who knows, maybe it'll leapfrog Terminal again? I still like that I can remove the scroll bars in iTerm. Wish I had that in Terminal.