Hi Nosheet, it was fixed a few weeks back! 
This issue was fixed as of of the last release version, build #1137.
We’ve also added a new “resize” event which is documented here…
http://docs.coronalabs.com/api/event/resize/index.html
The resize event is needed because the bottom navigation bar on Android tablets 3.x and higher rotate with your app, cause the aspect ratio of your app to change with it. That is, the width and height of your app will not simply swap like it does on iOS. Also, the height of the application window has been known to change (particularly on the Nook HD/HD+) when returning from an app that displays a status bar. This means that a resize kind occur without an orientation event, making the above mentioned “resize” event necessary.
Things to note:
-
If your app uses “letterbox” scaling, then changing orientation will cause the content scales to change, and Corona will automatically fit its contents within the application window.
-
If your app uses “zoomEven” scaling, then the content scales may not change, but your viewableContentWidth/Height will. This can be detected via a resize event.
Anyways, I hope this helps!
Bump, is this any status update on this rather major issue?
Thanks
N
Hi Nosheet, it was fixed a few weeks back! 
This issue was fixed as of of the last release version, build #1137.
We’ve also added a new “resize” event which is documented here…
http://docs.coronalabs.com/api/event/resize/index.html
The resize event is needed because the bottom navigation bar on Android tablets 3.x and higher rotate with your app, cause the aspect ratio of your app to change with it. That is, the width and height of your app will not simply swap like it does on iOS. Also, the height of the application window has been known to change (particularly on the Nook HD/HD+) when returning from an app that displays a status bar. This means that a resize kind occur without an orientation event, making the above mentioned “resize” event necessary.
Things to note:
-
If your app uses “letterbox” scaling, then changing orientation will cause the content scales to change, and Corona will automatically fit its contents within the application window.
-
If your app uses “zoomEven” scaling, then the content scales may not change, but your viewableContentWidth/Height will. This can be detected via a resize event.
Anyways, I hope this helps!