As a quick addition to this, when I upgraded to Unity 4.3 and 2dtoolkit 2.3.0, my sorting order got all messed up. It doesn't seem to be changing the sorting order as intended anymore.
Is this a bug, or did Unity 4.3 change the functionality of this? (I just want to keep the default layer and order some things on the same Z)
EDIT: It seems almost like sorting order is totally independent of z-layering now. Is this intended?