This new version solves a very old problem with translating phrases longer than 255 characters. This change did not sacrifice speed, but actually enhanced it with a fine tuned index to match. By working on the database code we have also discovered a way to make the plugin perform much faster (mainly when APC caching was not used) where we now group many translation queries to the database into a single query.
A smaller bug with translation textarea tags was also solved thanks to timo.
Like always – looking forward for your feedbacks.