Derek Allard recently announced that new projects should use CodeIgniter 2.0 whose code is well baked and it is fully PHP5.
What concerns me though is the process seems ad-hoc, there was no beta though he recommends this as being stable for all future code and it is still making updates off 1.x instead of a rewrite.
There is also little discussion of it (no questions on SO either) and I am not sure how sure about its performance and architecture.
Anyone have first hand experience of CI2? Or give an account of how it compares to Kohana?
The only reason I have shied away from Kohana is the poor documentation and the fact that each major release (2.1 to 2.n) requires updating your code because they don't maintain backward compatibility--it is the first I have heard of public API/framework that breaks backward compatibility willy nilly.