After a lot of feedback from the community and testing in the wild, the stable 3.0 release got tagged on github. The latest commits contain several bugfixes and new options:
timeLimit prevents Flash timeouts from the server response and
policyFile allows you to select your own policy file location. The changelog provides more details.
Get the up-to-date download packages. If you did not yet update your old FancyUpload 2, now is definitely the time! If you run into problems or want to share your experiences, join the support forum. Needless to say, this latest 3.0 version can be copied over the previous release candidates straightforward.
Please use the support forums for discussing the project, asking questions or posting bug-fixes!