We've just released Android Studio 1.4 RC 1 to the canary channel.
We've also promoted 1.4 Beta 4 to the beta channel, since that build has been in testing for a few days now and there are no big problem. (However, if you're on Linux and using a high density display you may want to jump directly to RC 1 where there are important fixes for that configuration.)
RC 1 contains bug fixes in a number areas:
If you are already using a 1.4 Preview/Beta build, you can use the builtin Update mechanism to upgrade directly to 1.4 RC 1.
If you are using 1.3.1, you can also update via a patch, 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 Android Studio 1.4 RC 1 page. You can keep 1.3.2 and 1.4 Beta 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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