Well until the next update I've been using this as a work around.
	PHP Code:
	
		
			
function sqlescape(str) {
  if (str.pos("'") >= 0) {
    temp.result = str.escape().tokenize("\\\'");;
    for (temp.piece: result) 
      temp.nresult @= piece @ "''";
    return temp.nresult.substring(0,nresult.length() - 2);
  }
  else return str.escape();
} 
		
	
 As well as format2 to accomplish that "parameterized query" request.