We've just released Android Studio 1.1 RC 1 to the beta channel. This release contains only a small set of bug fixes on top of the beta 4 release from last week.
You can manually check for updates via Help > Check for Update... (on OSX, look in the Android Studio menu). This will download and install a small patch rather than download a full IDE image. If you are using an older version, you'll need to download a full install from the downloads page.
NOTE: 1.1 RC 1 is currently only available in the canary, dev and beta channels, and Android Studio 1.0 will by default look in the Stable channel, so if you want to update, open the preference dialog, go to the Updates category and change the channel setting.
If you run into problems, be sure to check the Known Issues page which we'll update as necessary.
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