I have like many others have received a twitter saying that it "...will be released tomorrow...".

"In case you were wondering, Minecraft 1.7 (1.7.1), "The Update that Changed the World", will be released tomorrow, at around 15:00 CEST" Jens Bergensten

Not long now.

For those of you who are not up to date as to what happening and think we'll be updated right away then you should head over to;

http://www.worldofminecraft.com/content/17-build-move-details