Why the hell aren't we updated!? This is stupid!

[Ragolution]

This is why we haven't updated:

Update - July 1, 2011 at 3:01PM EST:
Minecraft 1.7.2 contains a dupe exploit that will ruin your economy or could create other issues. We strongly recommend waiting for a fix from either Mojang or ourselves before updating.

In short, we're waiting for a revision. Hold tight.