Well, I think the differences between 1.1.1 and 1.1.4 are pretty minor. I’d imagine that if you install the MyFaces 1.1.4 libraries somewhere in your system and then configure the MyFaces 1.1.1 tab in the Preferences under MyEclipse | Project Capabilities | JavaServer Faces to point to those files you’d probably be in good shape.
Now if you want *new* entry for MyFaces 1.1.1 vs 1.1.4 you’ll have to wait for the MyEclipse group.