In general I am not sure that new versions from a development group will get released as an update in the Fedora mirrors. Generally, individual patches will be applied and released. I am not speaking from any authority, but my presumption would have been that I would get OOo 1.1.2 with FC3, since 1.1.1 was released with FC2.
Of course, community requests like yours might get the powers that be to adjust the above generalization.
I do see a 1.1.1-6 in the development tree (1.1.1-4 having been released), but do not see a 1.1.2 yet.
1.1.1-6 from the development tree contains some enhancements which are not available in the official stable branch of OOo (like 1.1.2), the most important (IMO) is Native Widget Framework: it looks like a native Gnome application
