Red message at top of screen about new update available
I got the message the first time yesterday even though .3 was final in mid July. I am on almost daily. So I applied the update. Finding the update script to run is really hard. It should be in the readme, for instance. After updating I still have the red message, but clicking on update says I am up-to-date.
Outgoing mail is not working although one of the recipients claims to get it. I don't believe her. Before the upgrade which claims to fix something about email, if I sent the test email it said sent ok, but it never arrives. After the upgrade, I get a red message, Missing lang: test mail recipient: *, at the top of the test email screen. Filing it out again says ok, but it never arrives. What is this about?
I suspect the email problems are with the host as I am using the default both on my projectpier site and on Drupal site on the same host. Drupal has similar outgoing email failures.

Are you still having this problem?
It sounds like you upgraded to 0.8.0.2 instead of 0.8.0.3. Make sure you run the upgrade script.