The app will auto-update.  Here are the release notes:

Features

  • Lion-style fullscreen experience.
  • Shift + page up/down now work like in Terminal.app.
  • Locale environment variables can be disabled.
  • Open any image file to generate ascii art.

Bugfixes

  • Keyboard combos for international characters have been restored.
  • Cursor disappearing bug has been fixed.
  • Issuing an exit command in a fullscreen window now works.
  • Terminal emulation continues to improve.