I'm finally comfortable enough with my Image* namespace to have official releases of the 2.x series of ImageField and ImageCache + ImageAPI... I'd like to extend thanks to everyone who has filed issues and submitted patches, especially Drewish and Quicksketch.
ImageMagick support has been a release blocker on this module for me. My attempts at using the Imagick extension failed, and I finally broke down and wrote the imageapi_imagemagick module, and it needs testing.