Usually yeah, but it wouldn't surprise me if they'd be faster than Microsoft and Sony they'd have to wait for them to catch up before releasing it.
BTW you can check if it has been released (and what the changelog is) on http://store.steampowered.com/news/?feed=steam_updates&appids=22380, if you don't want to log into Steam for whatever reason.
Nov 9, 2010
Fallout: New Vegas Updated
Product Update - Valve
Fallout: New Vegas - Version 1.1.1
* Companions now show up as waypoints on the map
* Companions will always fast travel with you, unless told to wait or sent away
* Fix: DLC error/save corruption
* Fix: Stuttering with water effects
* Fix: Severe performance issues with DirectX.
* Fix: Controls temporarily disabled after reloading Cowboy Repeater while crouched
* Fixed crash using the Euclid C-Finder while having the Heave Ho perk
* Fix: Entering the strip after Debt Collector causes crash and autosave corruption
* Fix: Using Mojave Express dropbox can cause DLC warnings
* Fixed crash when buying duplicate caravan cards from a vendor in a single transaction
* Crafting menu should filter valid (bright) recipes to the top of the list
* Fix: Sitting down while looking down a weapon's ironsights leaves player control locked
* Fix: If a companion is knocked unconscious with broken limbs they stay broken on respawn
* Fix for varmint night scope effect persisting in kill cam
* Fix for giving companions armor that adds STR does not increase their carry weight
* Fix NPC Repair menu displays DAM as DPS
* Having NPC repair service rifle with forged receiver decreases CND
They still haven't fixed half the [censored] on console that patch says they did for 1.1.