There's a new version of Opera for Android today. In addition to stability and usability improvements, the update fixes a number of issues like logins and passwords not being properly stored.
The new version of the app is also built on a newer version of Chromium (the open source web browser project) than the previous Opera for Android app, and the changelog also mentions tweaks to the Discover menu and other menus.
Over the past 6 months Opera has been turning their web browser expertise to other related niches. In September 2013 they unveiled Coast, an experimental web browser for the iPad (and iPhone). Earlier this year they launched a new ad-supported white label web browsing program that enabled telecoms to show ads in exchange for web access, and they are also beta-testing a streaming data compression service that could prove useful in lowering mobile data usage.