The current version is 0.03 beta. It contains the following functionality:

0.03 

• UTF-8 encoding support
• Windows 1251 encoding and decoding support (hi to all my friends in Russia!)
• customizable quit message
• /clear
• /part and /leave can be used with * to denote current channel
• nick changes are shown in windows where the user is
• quit messages shown in windows where the user is
• query windows change target nick automatically if you're on a channel with the user that changes their nick
• password for the IRC server can be set

0.02

• connecting to one server
• joining channels
• query windows for private chatting
• 10k per channel/query backlog
• jumping to desired window with numpad
• ident daemon
• UTF-8 decoding
• T9 can be used
• usually needed commands implemented
• the font is small and nice (at least on tested devices)
• the memory requirements should be very small
• settings for autojoin and autoquery on connection
• will not be bloated with unneeded themes, skins, scripts, now playing -crap etc