Version 1.1.2 of bleep!BOX has been approved and is available for download today. It is recommended that all users upgrade to the new version as it features several interface enhancements such as faster overall performance, faster title screen loading and some sound quality improvements (envelope fixes – less clicking). The sound quality fixes may cause some changes to your patterns in very rare cases (usually only if you are using pretty crazy settings). So if you have a mission critical pattern, you may want to record it first before upgrading.
Also, I compiled this update for iPhone OS 3.0.0 as opposed to 3.1.2 for greater accessibility.