Quicktime 7.0.4 in Software Update
Apple has released Quicktime v7.0.4 via Software Update. Details are scarce and there is not yet a description page listed in Apple's downloads section. From the Software Update panel:
QuickTime 7.0.4 is an important release that delivers numerous bug fixes, support for iLife '06, and H.264 performance improvements. This update is highly recommended for all QuickTime 7 users.