Yes, you heard right (and I told you so!) Oracle Forms and Oracle Reports 11g Release 2 has been published on OTN. Forms and Reports 11gR2 is based on WebLogic Server 11gR1 (10.3.5) and the underlying Fusion Middleware 11gR2 (22.214.171.124.0) tech stack.
There is a new features document outlining the new features in this release. The main points being integration with Oracle Access Manager, a reduced installation footprint and some new builder features as well.
You can get full details from the Forms page on OTN.