EasyBCD 1.7.2 has just been released, and is available from download from the official EasyBCD download page.
EasyBCD 1.7.2 has only two minor changes, both of which involve the installer. The more important of the two involves the installer UI: Windows Vista SP1 broke the EasyBCD installer (buttons’ text was no longer legible), making it rather difficult to get on with using EasyBCD if you didn’t already have it installed.
Development of EasyBCD 2.0 is going well, betas should be available in the next month or so.
If you already have EasyBCD installed, you don’t really have to update.