yes.. I think it's corrected in latest 1.2.8b. If not, you can open the class.joomlawatch.html.php and find the string Countries and Visitors at the end of this file. This can be then replaced by the constant _JW_FRONTEND_COUNTRIES, _VISITORS (or something like that).
I have to finally sit down and put together all great contributions and suggestions, which you - users have written to me.
I just don't have any free time left
There are too many other things which I'm busy with.