What's the point of leveling up in Minecraft?
I assumed with 1.0 you got a way to spend your experience, but I noticed no way to do that.
Is that still work in progress, or I missed some kind of option somewhere?
In Minecraft 1.0 the new enchanting system was added. Once you have some diamond and obsidian (plus a book), you can craft an enchantment table, which will allow you to put enchantments on your weapons, armor, and tools in exchange for experience.