The current version level of FTM 2012 for Windows is 220.127.116.119. You can check in FTM Help>About.
If you do not have that version you might want to call FTM @ 1-800-ANCESTRY (262-3787) (toll free). They should be able to advise you.
The last few "updates" all finished abruptly without reporting completion. I think that is sloppy programing and confusing. I submitted a complaining bug report myself, not that it made a difference.