We've just released Android Studio 1.4 RC 3 to the canary channel. We've also promoted 1.4 RC 2 to the beta channel, since that build has been in testing for a few days now and there are no big problems.
RC 3 contains just a couple of bug fixes. Please let us know if you encounter any remaining critical issues!
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 3.
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 3 page. You can keep 1.3.2 and 1.4 RC 3 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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