There is a new application as well, its NFL Mobile Live from Sprint .

Here is the complete list of features being released in the webOS 1.1 update :

New applications

NFL Mobile Live from Sprint

• Watch or listen to live NFL games right on your phone.

Feature changes to existing applications

Calendar

• For Calendar accounts you create on your phone, the default reminder intervals are 15 minutes for timed events and one day for all-day events. A few notes:
  • This change applies only if software version 1.1 was on your phone when you bought it, or if you did a partial or full erase on your phone and signed in to your Palm profile again after updating to version 1.1. If you simply update your phone to software version 1.1, the default reminder intervals in Calendar do not change.
  • This change applies only to Calendar events you create on your phone, not to events that are synchronized to your phone from an online account.

Camera

• The Photos application opens more quickly when launched from the camera.

Clock

• Enhanced support for time zones in Clock.
• When you set an alarm in Clock, an alarm icon appears in the notification area at the bottom of the screen. Tap the icon to display alarm details. Alarm details include the following:
  • If the alarm is set for the current day, the alarm time appears.
  • If the alarm is set for tomorrow, the alarm time and “Tomorrow” appear.
  • If the alarm is set for any day other than today or tomorrow, the day of the alarm appears.

Contacts

• Friends added and deleted in Facebook on the web are now correctly added and deleted in the Facebook account in Contacts on the phone.
• As soon as you create or makes changes to a Google contact on the phone, the phone begins a sync to reflect those changes in Google on the web.

Email

• When you set up an Exchange ActiveSync (EAS) email account, you can enter the mail server name as an IP address.
• Support for self-signed certificates with multiple common names has been added.
• When you reply to an email in HTML format using an EAS account, the formatting of the sender’s original message is now retained in the reply.
• Palm’s EAS implementation now supports several Exchange ActiveSync Policies, including the following:
  • PIN/Password Required. IT administrators can ensure a password is assigned to the phone. Administrators can also specify the minimum length of the password.
  • Inactivity timeout. IT administrators can ensure that an inactive phone goes into a locked state after a certain time period. You cannot set a higher timeout interval for your phone, but you can set a shorter interval.
  • Remote Wipe. IT Administrators can remotely erase all data on a phone from their Exchange console. IT administrators can also have the device wipe itself if an incorrect password is entered more than a specified number of times.

Messaging

• You can enter emoticons in new text, multimedia, and instant messages. Emoticons also display in incoming messages.
• If you set the phone to use a 24-hour time format, the message times shown in a conversation appear in 24-hour time.
• If you go into an IM account’s preferences, all the options are available even if you are signed in to the account. You can tap Remove Account to delete the account, enter a new password to update the password, or tap Sign In to sign in with your updated password. Previously, you needed to sign out of the account before you could use these preferences.
• When you delete an IM account, a message now appears asking you to confirm that you want to delete the account.

Phone

• When multiple missed call notifications are displayed on the dashboard, the time of the most recent missed call is shown.
• When you slide the ringer switch off, a bell icon with a slash is displayed. Previously, the icon was a speaker with a slash.
• In Phone Preferences, the Show Contact Matches preference is now turned on by default. When typing on the keyboard in the phone app, the phone automatically displays both the numbers being entered and any contact matches for the characters entered.

System

• Improved functionality of person reminders. A person reminder is a notification that you create in a contact entry. The notification appears when you have a call or exchange an email, text, multimedia, or IM message with a contact.
• Resolves an issue preventing media sync from working with latest version of iTunes (8.2.1).
• When you enter a search term in Card view or the Launcher to perform a universal search, if you select the Wikipedia web search option, results are shown in the Wikipedia Mobile site instead of the Desktop site.

Web

• You can now use symbols from the symbols table (Sym + key) when you enter text into a web page dialog box.
• If you have a page open at a certain zoom level, leave the page, and use the onscreen Back button or the back gesture to return to the page, the zoom level is restored right away.
• A new gesture is now available that works the same as the onscreen Forward button. To move forward through open web pages, make a short swipe left to right in the gesture area.
• When using the Wikipedia drop-down search feature in the address bar, results are shown in the Wikipedia Mobile site instead of the Desktop site.
• When you tap a link, the link appears highlighted to indicate it has been activated, even if it takes a moment for the linked page to open.

YouTube

• After you enter search text, you can tap the Search icon to perform a search. You still have the option of pressing Enter to perform the search.

There are also some undocumented features included in the release which are being tracked by PreCentral at link .

So in all its a pretty big update with introducing lots of features, plus making things to work faster will always be good .

Do check out the Palm Pre Updates Page on how to install updates or details of the past webOS releases.

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There are also some inbuilt applications coming up with update but their details are still not released. I will update as soon as more news comes out on this.

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If are not having on idea on installing the updates please check out the Palm Pre Updates Page.

New update for Palm Pre webOs is available now. There are no new applications being added in this update but existing applications are getting new features.

Feature changes to existing applications

Calendar
Events created in your Google calendar—either in Calendar on your phone or in Google online—that contain a symbol or accented character in the event name can now synchronize. Previously, including a symbol or accented character in an event name prevented the event from synchronizing.
Changes made to Google events on the phone now sync with Google online within a few minutes.
The sync interval for Google events has been decreased from every few hours to every 15 minutes.

Clock
If you create a weekday alarm on a weekend, the alarm sounds only on weekdays. Previously the alarm would sound on the weekend also.

Contacts

Changes made to Google contacts on the phone now sync with Google online within a few minutes.
The sync interval for Google contacts has been decreased from every few hours to every 15 minutes.

Email

Power performance in areas where wireless coverage is sporadic or unavailable has been enhanced.
Non-SSL Exchange ActiveSync (EAS) mail servers are now supported.
Other

Miscellaneous updates for Email, Phone, and other applications.

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The firmware included a new clock app and few addition features. Below is the complete list of additions :

New applications
Clock

• Use your phone as an alarm clock.
• Create and save multiple alarms.
• Customize sounds for individual alarms.
• View a full-screen time display.
• Switch the time display between analog and digital.

Feature changes to existing applications

Camera

• Increased speed of return to capture mode when taking successive photos.

Other

• Numerous bug fixes for Email, Calendar, and other applications.

More details on Palm’s website.

Also do check out Palm Pre update page, where I will be tracking all the Palm Pre related updates, it also includes steps on how to install the app.