There are two new settings on the profile page: you can now specify your gender so that we no longer have to refer to you with the genderless pronoun "their". Instead of seeing "Mary has memorized their 100th verse" you will now see "Mary has memorized her 100th verse".
Second, you can now pick your preferred translation. Currently, the only effect this will have is that the tag cloud (now looking a little more cloudy) will show verses in your preferred translation (if they are available in the system). In other words, if someone using the King James Version has tagged Genesis 1:1 with the "Creation" tag, you will see the verse in the NIV version (if that is your preferred translation) even if no one has tagged the NIV version of the verse. It sounds a lot more complicated than it is, but it should make the tag cloud a lot more useful when searching for verses based on a theme. So keep on tagging verses because it's a great way to give back to the community and remember to recycle tags when you can.