Just got this email:
Audacity version 2.1.0 is released!!
Thanks to all the contributors, users, and supporters!
- Vaughan
Where do I get it and will it automatically overwrite the present version?
Download it via the Audacity website: http://audacityteam.org/download/
If you chose the recommended installer, then running the installer will, by default, update any 2.x.x version of Audacity to 2.1.0.
There will be an official announcement on this forum soon (later today I expect), which may include additional information, so it may be worth waiting to see what that says before you install.