No, it’s not released, but Martin Wilke is looking for a few brave people to test x.org 7.5 for FreeBSD:

Please take a look on our Wikipage. There you can find the svn repo to checkout X.org ports.

http://wiki.freebsd.org/ModularXorg/7.5

A small merge script to merge the svn checkout into the real portstree could be found here:

http://people.freebsd.org/~miwi/xorg/xorgmerge

The script is a modified version of the kdemerge script. Please set the KDEDIR variable to the path of your X.org
ports.

After merging please try

portupgrade -af \*
portmaster -af

Please report any problems and issus to x11 (at) FreeBSD.org.

Martin’s announcement