Version 2.0.7 has been released for vBulletin 3.8.x. It is mostly bug fixes.
2.0.7 - Bugfix / Feature Add
-Added support for vBulletin 3.8.x.
-Added vbulletin-style.xml file to easily import template modifications for vBulletin 3.8.x.
-Previous versions must manually edit the templates.
-Added a verification for the forum path in link.php.
Check out http://bit.ly/bAcQXD for more details.
Work has officially started on the new version of vB.Sponsors for vBulletin. The new release should bring some much needed features and a fresh interface.
There's no release date yet for the beta.
Keep up with the status by following me on Twitter: http://www.twitter.com/OneCoolMofo