At projects.eclipse.org Mylyn Build 1.1.0 is slated for June 2013.
At www.eclipse.org/mylyn The “news” says Mylyn 3.8.3 was released on March 1st.
Why is there little or no correlation between the two?
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Mylyn Builds is just one of the components of Mylyn, it’s description reads:
Integration of continuous integration and build systems and seamless
access to software build and assembly technologies. Mylyn users will
be able to access continuous integration processes, control build
execution and associate build results with tasks and context.
Version 3.8.3 refers to Mylyn in general, while version 1.1.0 refers to Builds component.