PGP Moving To Stronger SHA Algorithms
PGP Corp. is moving to a stronger SHA Algorithm (SHA-256 and SHA-512) as consequence of the research conducted by the team at Shandong University in China who broke the SHA-1 algorithm. (See this earlier story for more information on the SHA-1 vulnerability.)
IIRC, GPG already allows SHA-256 and SHA-512, but doesn't default to them.
Just to confirm, GPG 1.4 DOES support the more-bits versions of SHA. Run GPG with the --version parameter to get something like this for your copy: