After being told off by mercime for not having a page for WordPress/MU Favicon, I finally got around to pulling it’s page out of Drafts and updating it to show the latest information regarding version 1.1. 
It appears that it took me long enough to pull it together, but hey, I was busy. Anways better late then never.
The homepage for WordPress/MU Favicon is here.
And for anyone interested, here is the changelog:
—————————- Changelog: —————————-
1.1
- readme.txt fixed
1.0
- First Release
- Working with 2.8.4