The Gravity Forms PayPal Payments Standard Add-On v2.0 has been released and is now available via automatic update and the Add-On downloads page.
This is a major update that includes feature enhancements and developer facing changes.
The biggest change users will notice is you now manage PayPal related settings for a specific Form via the Form Settings for that Form. The PayPal navigation item under the Forms menu is being deprecated. Read on for more details.