This has been mentioned in various places throughout the forum but there is no 4.1.1 Electrum thread so far.  I wanted to make sure to point something out here for long time users of Electrum so that don't freak out when they start using this version.  A decision was made during this release to DISCONTINUE the overt option to create a legacy address wallet.  Those are addresses starting with the traditional "1".  Starting with 4.1.1 Electrum will automatically create segwit "bc1" addresses only, unless you elect to do a simple operation, which I will highlight below.  bc1/Segwit has numerous advantages so that is where you should likely stay, however since we are adults you still have options if you want to exercise them.

My opinion --------- >  Go  ----- OFFLINE ------ BREAK INTERNET CONNECTION FIRST -----   ******


Remember: ELECTRUM DOES NOT GENERATE BIP 39 SEED therefore you can't use this SEED in your HW if you are using one.  Electrum Dev's feel "their" version of SEED is better.  You can still use your HW SEED with Electrum quite easily!

Open Electrum and go into console (you may need to pull down view and select console so you can see it)

How to: manually create SEED type in the console on Electrum.

make_seed(seed_type="standard", nbits=256)        # Legacy 24 word SEED

make_seed(seed_type="standard", nbits=128)        # Legacy 12 word SEED

----------------

make_seed(seed_type="segwit", nbits=256)          # Segwit 24 word SEED

make_seed(seed_type="segwit", nbits=128)          # Segwit 12 word SEED

I have personally tested all four types here and they work flawlessly.  If you for some reason just WANT legacy or for some other reason you still want a 24 word SEED you can easily make one to use.  Perfectly safe and easy.  Repeating: my thought is to go offline during this operation, but some here may disagree.

This new version rocks in many ways!