I've got a good question: why the heck is this posted in the MODELS forum? Wouldn't this be better asked in the STUPID questions thread? How many times has this question been asked? If you look at the front page, you'll see that there are no new transformations in 1.2. If you do a SEARCH you'll see that as well! Why the hell do people insist in spamming the models forum?
1) 1.2 is just an advanced melee update with some bugs removed, so no other transforms
2) transforms will come (probably in 1.3)
3) this doesnt belong here, this had to be in newb central or esf chat