http://www.gimp.org/downloads/
As usual this is a Linux source code release, you have to compile on your own. Binary packages from third-parties (including Windows versions) usually follow some time later.
Update: Window build is here.
Other news was an improvement in GTK+ for Mac, as well as new released of GEGL (including Google Summer of Code improvements) and babl (both of which GIMP depend on)
Changes in GIMP 2.7.4 (from readme file)
UI:
- - Add a close button to image tabs in single-window mode
- - Improve the transform tools' undo strings to be more descriptive
- - Render the layer's "eye" icon in inconsistent state if the layer is visible, but one of its parents isn't
- - Add proper stacking for canvas items, so things don't hide each other
- - Make sure single-window-mode and multi-window-mode are always saved consistently in sessionrc
Core:
- - Fix "render_image_tile_fault: assertion `tile[4] != NULL' failed" warnings that occurred for some image sizes
- - Fix attachment of the floating selection when the gegl projection is enabled
- - Replace heal algorithm with a new one by Jean-Yves Couleaud that works much better
- - Make resource sub-folders show up in UI as tags, allowing users to easily locate resource collections they may have installed
- - Fix graphics tablet canvas interaction by moving from gdk_pointer_grab() to gtk_grab_add() for most grabs
- - Stop using motion hints, they are a concept from the dark ages
Libgimp:
- - Add a basic paint dynamics PDB interface
Plug-ins:
- - Make writing color space information to BMP files optional
- - PSD loader now reads and imports working paths
Script-Fu:
- - Lots and lots of undeprecations
Developer documentation:
- - Add devel-docs/gegl-porting-plan.txt
Source and build system:
- - Make git-version.h generation work in shallow git clones
- - Modernize use of autotools a bit, maintainer-mode and pdbgen are now enabled by default
General:
- - Make gimptool install scripts in the correct system-wide directory
- - Fix lots and lots of stuff found by static code analysis

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