Thread:Extension talk:Live Translate/Does the extension support Google Translate API v2?

According to Google FAQ, they discontinued Translate API v1 on 1st of December 2011 and replaced it with Translate API v2. Does Live Translate extension support this v2? I use Live Translate 1.2.3 alpha and MediaWiki 1.19, and cannot make the Google translation work, albeit words from local translation memories are being translated fine.