Just received the TU11 update lol (my Ethernet cord was knocked out without me knowing lol).. Do we have the anvil out yet and trading?
No and no. We do not know if we will ever be getting the Anvil and 4J has said that Villager Trading will come in a later update. That could be TU12 or another later update. Nobody knows.
Your other thread indicated that you had been on TU9 before. There were essentially no new features added in either TU10 or TU11. TU10 was an emergency bug fix and TU11 was a more complete bug fix. The next update (TU12) is expected to add several new features. This page of the Wki indicates what features have already been announced by 4J staff (e.g. in tweets):
http://www.minecraftwiki.net/wiki/Xbox_360_Edition_upcoming_features
Neither anvils nor villager trading are mentioned yet on that page, so I can only say, IDK.