The 1.2.0 release contained a bug with the watermark configuration. There is already a 1.2.1 release available.
We are finally ready to announce the release of MapProxy 1.2.0. It contains major and minor improvements.
The latest release is available at: http://pypi.python.org/pypi/MapProxy
To upgrade within your virtualenv:
$ pip install --upgrade --no-deps MapProxy
Updated documentation is available at: http://mapproxy.org/docs/1.2.0/
Some noteworthy improvements since 1.1.0 are:
You can use the MBTiles format for new caches and you can load existing MBTiles cache files.
The directory layout for file based caches is now configurable and you can choose a TMS compatible layout besides the default TileCache compatible one.
See cache configuration.
mapproxy-util scales tool helps to convert between scales
Mapnik source now supports the selection of single layers.
For a more complete list see: http://bitbucket.org/olt/mapproxy/src/1.2.0/CHANGES.txt