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HP has released knowledge base article KM00359068, which indicates a new Service Pack for LoadRunner 11.5 may be out by May. This article addresses support for the JAVA JDK 1.7 for JAVA and FLEX protocols. The current answer is:
“With VUGEN version 11.5 SP1, we still do not support JDK 1.7 with JAVA protocols and FLEX (unless all the jars are compiled with backward compatible). It will be supported in SP2, which is scheduled to be released in <SOON>.”
UPDATE: Release Date references were  removed as requested by HP. Exact Read Entire Entry

UPDATE: Service Pack 11.51 has been superseded by Service Pack 11.52.
Service Packs are cumulative, so there is no need to install SP 11.51.
HP UFT Service Pack 11.51 (UFT_00001), which applies to HP UFT 11.50, was released on 01/29/13. To download the service pack, visit the HP software patches support website (KM00337418).
Note:  The patch support model for UFT 11.5 has changed from the patch model previously used in versions of QTP (QuickTest Pro). New technology support, as well as fixes for known issues are now provided Read Entire Entry

The client-side system requirements for HP ALM 11.5, HP ALM 11.5 Essentials and HP Quality Center Enterprise 11.5 are outlined in this article, including the minimum hardware requirements, software and OS requirements, supported virtual environments, supported web browsers and Microsoft Office compatibility.

If you plan to install HP ALM 11.5, check out our article that provides step-by-step instructions for an ALM 11.5 installation and our article on the server-side system requirements for HP ALM 11.5.

The table Read Entire Entry

The server-side system requirements for HP ALM 11.5, HP ALM 11.5 Essentials and HP Quality Center Enterprise 11.5 are outlined in this article, including the minimum hardware requirements, recommended environment configurations, supported operating systems, database servers, application servers, web servers and virtual environments.

If you plan to install HP ALM 11.5, check out our article that provides step-by-step instructions for an ALM 11.5 installation and our article on the client-side system requirements for HP ALM 11 Read Entire Entry

After the official release of HP ALM 11.5 (Application Lifecycle Management), previously known as HP Quality Center (QC), we detailed a step by step single server installation and noted the primary differences (relating to the installation) between version 11.0 and 11.5. The remainder of this article outlines a high level overview of the new features in ALM 11.5. You can also read HP’s official documentation on What’s New in HP ALM 11.5 (Application Lifecycle Management).
Editions
ALM has been divided into four editions:  HP AL Read Entire Entry

HP has officially announced the release of Loadrunner 11.5, and with it come a bevy of changes. The most immediately noticeable of these is a major retooling of the look and feel of VuGen.

Over the coming days, we’ll be breaking down and reviewing some of these changes in a couple of blog postings. Here is an overview of some of the major changes you can expect:

New and Improved VuGen – The whole look and feel of VuGen has been revamped here to include much more modular panes and viewing ability. While there are a handful Read Entire Entry

The Northway team be in Vegas at HP Discover June 4 – 7, 2012. We will be speaking this year on “Application Transformation in Healthcare IT” with our client, BlueCross BlueSheild of Tennessee. Our session number is TB2224. You can find us on the HP Discover 2012 Session Catalog page. Here is more information about session:

In 2011, Blue Cross Blue Shield Tennessee (BCBST) decided to implement HP Project and Portfolio Management (PPM), Quality Center, Functional Testing, and LoadRunner—all at the same time. In this presentation, Read Entire Entry