So either Gear Live somehow managed to snag a leaked version of 1.1.3 or they've perpetrated perhaps the greatest "gotcha" in recent memory. Probably the former, as it's looking more and more like 1.1.3 is the real deal. So what's coming (and what's likely to get a mention at MacWorld) is pretty neat:
Of course, there are some things that we figured would be easy adds that a missing - namely Stereo Bluetooth support. Still and all, it looks like a decent enough upgrade and it's clearly a step towards getting the iPhone ready for that upcoming SDK. As for when the rest of us will get to take this 1.1.3 step, that's still shrouded in mystery.
*Edit: not triangulation, but 'tagging.' See comment by Archie (and septimus, in a minute). Thanks!