Hi Scott,
Select Menu won't work for what we use it for:
In one app I have rows of buttons and a left click context menu (JQuery Menu) on the page. The last button usually says "Menu" and clicking it shows the context menu below the button (because no left click on iPads). There are also other examples where the button says "New" and again a context menu appears below the button saying "New this" or "New that" and each menu option opens a different dialog.
The buttons never change their label or icons, regardless which menu option is clicked. Page data population and actions are all done via Ajax so the data content is dynamic with no page reload, so the menus and buttons never change for the few hours the same page is open.
It's not a killer that the option of 2 icons has been removed, but it makes the buttons less obvious to what a click does.
J
P.S. I have written a simple jQuery UI WYSIWYG editor, when I get the chance I will send it over to you for use on the jQuery UI project (I need to standardise it to jQuery a bit more first).