Fantastico updates itself every night, if there is an update. I just double checked that server to make sure though and it is running the latest version.
I reinstalled it from scratch because after reading this post at their site I cannot believe the latest version is still not installed into Fantastico
SMF 1.1.4
After redownloading it fresh from the Fantastico site, it appears that 1.4 is the only version available. I'm going to get in touch with them and see what the problem is, since this wasn't a minor update, but a
security update.
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I did contact them, and am awaiting the reply now.