This update follows the 1150 update which was released back in January aimed at getting rid of the battery issues on the Lumia 800
The update is reported to have just started rolling out and users in Singapore and India have reported it's availability. The update may not have reached all regions just yet, so if you don't see a notification check on Zune and it should appear soon.
The list of updates expected in this firmware release are:
- New Camera Modes
- Smart group shot
- Panorama
- Action
- Self Timer
- Battery Life Improvement
- Backlight issue fix
source - NokiaPowerUser