Greetings!
Joe, good timing for your question! I was actually just uploading the next version when you posted. You might as well install the game though - there's a lot of players who don't have much trouble with bugs and you can gain some experience with the UI etc. even if the AI isn't great yet.
I've just posted the next version for download:
http://www.captainkwok.net/balancemod.php
Code:
Version 0.93 (27 October 2006)
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1. Fixed - Plague Bombs were not following their tech requirements
2. Fixed - Point-Defense Weapons accuracy at range values were accidently reversed
3. Changed - Drones can now be recovered
4. Changed - Added back Recover - Unit abilities for launch components
5. Added - Satellite Layer design type
6. Changed - Reduced Recreation Services cultural achievement to 5 levels
7. Changed - Cargo Facilities now include additional supply and ordnance storage
8. Changed - Increase remote cargo distribution for Resupply Depots
9. Changed - Point-Defense Weapons now do ground damage
10. Changed - Tweaked AI ship designs
11. Updated - AI research pathing
12. Updated - AI Scripts
I'm going to take some time this weekend to play a few competitive games with the AI and see how it performs. Let me know how your games go.