At 2011/11/02 the current version of TimePunch Mobile has been released.

Version 2.0 contains the ability for Live Tile Updates that are available especially for Windows Phone 7.5 (alias Mango). If TimePunch is pinned to the start screen application hub, the current project and work time is displayed.

This feature ease the use of TimePunch Mobile alot, because TimePunch need not to be started in order to know which project/task is currently in charge.

Use this link to get the current version of TimePunch Mobile 2.0:
Download TimePunch Mobile 2.0