@Your Name (Anonymous): I have been using media on several projects since the early betas. And I found it quite stable and very usable. Sure there is still some rough edges.
@Dave Reid: Thanks for all the work you all put into media module. This module is actually the main reason I finally choose to switch to Drupal when version 7 came out (which by it self also was really, really nice). A couple of suggestions to make it easier for people in the community understand what is happening: 1) Keep the project page up to speed. It basically seems that it has not been updated since your media sprint. 2) An improvement to the perception of the module would be a few more releases. E.g. the 2.x-unstable1 is from October 2011. That would make it seem more maintained if you know only little of git.
@Art: Thank for sharing in the first place.
