The update came down the pipes on Tuesday for all devices compatible with iOS 7, but if you're expecting big sweeping changes, you're probably in for disappointment. The three issues mentioned in the release note are all fairly minor: further improvements to Touch ID on the iPhone 5s, a fix for a bug that could "impact keyboard responsiveness," and a patch for a specific issue regarding VoiceOver when using a Bluetooth keyboard. There are also security improvements though, as of this writing, Apple hadn't yet posted a list.
As always, iOS 7.1.1 is available both by plugging your iOS device into your computer and downloading the update through iTunes or over the air, by visiting Settings > General > Software Update.
With just six weeks to go until Apple's Worldwide Developers Conference--and the presumptive announcement of iOS 8--the likelihood of another major release for iOS 7 seems pretty low. iOS 6 topped out at version 6.1.6 and iOS 5 at version 5.1.1. The last second major release we saw on iOS was version 4.2, which arrived in November 2010. So, at this point, all steam ahead for iOS 8!