There is a CiviCRM Make it Happen for this in 4.3:
http://civicrm.org/content/make-it-happen#wpacl
also at the recent Europe sprints, we’ve recd and added to core a fair bit of support for this. would be great if you can help with the make it happen so we can continue work on improving / documenting and getting the integration ready for v4.3
lobo
Would be great if you / your client can help with the CiviCRM + WordPress integration via our Make It Happen Campaign. More details for this campaign are on our website here:
http://civicrm.org/mih#wordpress
We do hope that this Make It Happen meets its goals and we can work on CiviWord for CiviCRM v4.1 🙂
lobo