Hello,
I think that there are a lot of useful features that are in HEAD that would be useful to a wider audience than GHC devs, so a release before October would certainly be useful. I don't think it is that important if it is called 7.7.1 or 7.8.1 but I think that it needs to be a fixed version, in the sense that all code (including GHC libraries) is tagged in the repos and, possibly, we make an entry for it in the track system, so that people can record bugs against it.
Given that GHC is very actively developed, it might make sense to have one of these "snapshot" releases every 3 or so months, as "technology preview", and without any promises about stability or compatibility (in particular, they should not be considered for inclusion in the HP or standard Linux distributions). This would give us a fairly low over-head middle ground between the volatility of nightly builds, and the long time between official releases.
-Iavor