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Time Out 1.7 adds a couple of nice enhancements to the Sound break preferences, to change the volume and loop the start sound.
But the main reason for this update is to enhance Mountain Lion (OS X 10.8) support: to sign the app with an Apple-issued Developer ID for Gatekeeper support, move to the modern runtime, and related changes.
As with the recent BlogAssist release, Time Out 1.7 now requires Lion (OS X 10.7) or later and a 64-bit Intel machine. However Time Out is not sandboxed yet (and thus I can't update the Mac App Store edition); that will come in version 2.
Speaking of which, for those wondering about that great vaporware known as Time Out 2, it's still in the works — and the changes in this release are a great step towards that. I don't want to guess at when it'll be available, since various other projects keep getting in the way. It'll be ready when it's ready, but it's moving forward as time allows.
Here are the full release notes for version 1.7: