As the OP and Tira have said, SE calls the patch 1.20, which is not the same as 1.2 or 1.200.

From a software developer perspective this makes sense. And for those looking at this like math, I can see why you would come to your conclusion.

The patch numbering does not indicate how close they are to 2.0.

And this topic will resurface should the day come where we get to 2.9 and you see 2.10 instead of 3.0.