If I remember right you saw previous sneak previews too. Was it the Beta 4 sneak preview?

I'm sure you noticed loads of things not mentioned too!
Anyway, it'll be with us 'soon'.

I feel your pain John.

Scott did a long post detailing a lot of stuff, but it has been scaled back: http://www.scottkelby.com/blog

Peter,
Did you see the cool trick mentioned in the Since1968.com article with Mark Hamburg?

Start at 1:1 in the top left corner and page down. When you reach the bottom, page down will take you to the next section at the top. Very useful.
Sean.

Sites like Flickr with an uploader can do this using Export Actions and Export Prests (ie uploading the images automatically)
I believe Picture Sync will upload to SmugMug (but as I'm in Ireland, I don't use this service).
Currently Mac only, it is in development for Windows.

Syncing the Spot Removal tool will automatically sync auto rotated images. While this is generally cool, you may have to move some of the source spots, because the horizon line moved and you may inadvertently copied some land onto your sky. Nevertheless, it's way more sophisticated than Aperture and Photoshop has no way to batch clone AFAIK. I've not used ACR 3.7 or 4 so I'm unaware if has been applied there.

As the team took time off after skipping 2 Christmas' holidays, I think v1.1 is probably not 'in the bag' just yet!