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QuickTime 7.5 released
improves application compatibility and addresses security issues."
The timing suggests it is related to the recent iPhone announcements so I doubt this patch does much for ProApp users.
I have heard reports
of crashes, choppiness and missing audio although of course your mileage may vary. It is always better to sit on updates for a while to check for problems before installing. I would not advise installing this one though because it probably won't offer ProApp users anything new.
And remember the Golden Rules - never update in the middle of a project and always have a clone
This update points directly to the QuickTime site rather than a specific file on the server. This makes me think that Apple will no longer be keeping old versions around
so make sure to back this up.