Fixed the default output to point to 1.2 instead of 1.0

[naveensrinivasan]

Fixes the default config value.

#451

[aws-kf-ci-bot]

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[Jeffwan]

It would be great to use auto cherry-pick scripts later

[Jeffwan]

/lgtm
/approve

[k8s-ci-robot]

[APPROVALNOTIFIER] This PR is APPROVED

This pull-request has been approved by: Jeffwan, naveensrinivasan

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[naveensrinivasan]

It would be great to use auto cherry-pick scripts later

@Jeffwan Could you please point me to the instructions?

[Jeffwan]

@naveensrinivasan check this one https://github.com/kubeflow/kubeflow/blob/master/hack/cherry-picks.md

kubernetes community has one as well