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It's a compatibility branch, only getting bugfixes. The v0.3 branch is where new development is happening.

Yes the memory usage in 0.3.3 is much better. I don't know how much is node and how much is the switch to v8 3

Although https is broken in git at the moment due to a rewrite

it is stable. v0.3 can have breaking changes at any point. v0.4 will be the next stable.