michaelkay on "Plugin version number not changing"

I have updated my plugin and followed the steps to tag a version but the version on the Wordpress Plugins site is not updating. The Stable tag in the trunk/readme.txt clearly shows to new tag but the 'current' version still shows 1.0 (it should be 1.2 now). Any ideas?

Here is the plugin

Here is the readme in in Trac.