Yes, I've been trying to keep the "What's new" up-to-date again, it's good to know people are using it.
Marty, the new printer settings (where we initially released the B&W option) were released on Jan 25 (
http://myupdox.com/new/whats_new_2012.html). Since then, we've been tweaking the algorithms based on customer feedback and we added the "Smart B&W" I think in this last release. As you can tell, I missed it in the what's new.