This does not update the software with new features, but there are a few simple things worth mentioning explicitly.
The first is that virtual DirectShow camera device can be set up with both M-JPEG and JPEG URLs. That is, IP cameras which do not implement M-JPEG, or implement it in a buggy way (there is a *huge* deal of such out there) can still be set up to send video as individual video frames/images as long as they implement JPEG snapshots. This is taking place often at a lower frame rate, but still works.
The driver will automatically detect type of URL (by response from the device) and will choose best access method for the given URL.
Second is that if you are looking for IP Video Source software version, such as to check against available updates, it is here on the UI (right click the caption):