I'm not sure, but I believe the M of N backups are in the upcoming release.
Sorry, I have no clue what "M of N backups" are...
Could you please explain, or un-abbreviate?
It's dividing the wallet into pieces and requiring a certain amount of them to rebuild the complete wallet. I've not yet used this feature with Armory, but I plan to. As I understand it, you can change the variables to different numbers.
So, for example, you could divide your wallet into 5 pieces and require only 3 of them to recreate it entirely.
This allows for excellent security and protection. You could place the 5 pieces in different, safe locations. It would require a thief to find three of them to steal your bitcoins. Yet, if two were destroyed (fire, flood, nuke, whatever), you could still recreate your entire wallet with the remaining 3.
That's amazing! Lol I had no clue this could be done...
God I love technology!
I swear if I was born 100 years ago, and could see the future, I would probably go insane, just out of frustration with the current state of things.