The NObjects are a collection of PHP scripts that perform a variety of functoins including, but not resticted to: FTP access, HtDig operations, email (specializations on the PHP email functions), IRC-style-formatting to HTML and much, much more.
No, there was no 1.1.0 release annoucement; that dove-tailed with the NDBE 1.2.0 release annoucement. NObjects 1.1.1 adds a minor tweak to NFormat, and a couple of critical fixes to NHtDig. If you're not using the NHtDig, you can probably forego this release.