Skip 1.2 and wait for 1.3
I'm still playing, and enjoying, 1.1
From this thread: http://www.gamesas.com/index.php?/topic/1300562-skyrim-what-were-working-on/
We all know this is a huge game, and everyone has a different experience. We’ll continue to do everything we can to make the game better and better for as many people as possible every day. We’ve also realized that with the millions upon millions of people playing Skyrim, we need to treat our updates with greater care. If we get too aggressive trying to fix a minor issue, we run a risk of breaking something larger in a game like this. To be safe, we are prioritizing code side fixes right now over data fixes. Quest and balance issues are usually data, and those will start rolling in a large way with the January updates.
Relevant sections highlighted for effect.