We've just pushed Android Studio 1.4 Preview 2 to the canary channel. This build fixes a critical bug in the source editor which broke input method editing. There are fixes for a handful other problems discovered from user submitted crashes as well. Thank you to everyone for your feedback!
You can install 1.4 Preview 2 by patch updating within the IDE from 1.4 Preview 1.
You can also update to 1.4 Preview 2 from 1.3.1 using the builtin update mechanism, BUT YOU MAY NOT WANT TO DO THAT. Patch-updating to this new version will replace your existing stable installation with a preview version. Instead, you can download a separate installation of 1.4 from the 1.4 Preview Page. You can keep 1.3.1 and 1.4 installed side by side; they use separate settings and cache directories.
If you run into problems, be sure to check the Known Issues page which we'll update as necessary.
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