No. I'm still under the belief that WotC is not going to release an entire Faerun setting book. Because the world is just too large to put enough useful setting info for all the other nations of Faerun into it. Most nations would only get like three paragraphs worth of space for description, barely worthwhile to bother, and at that point any player who really wanted to set their game in Turmish could just use the nation's description from the 3E or 4E setting books for all the worth they have. Is it "updated" for the current timeline? No. But if the nation's only going to get a dozen sentences worth of description, how much "updating" are you going to get? It's not worth the time to make it up.
Any further setting material for areas of Faerun I believe will occur via adventures like The North in Storm King's Thunder, or Chult in Tomb of Annihilation. Of if people get really lucky, maybe WotC'll publish something like Dalelands or Cormyr setting book (a la the Sword Coast Adventurer's Guide), going into greater detail about one of those areas specifically. That way they can actually put substantial page count towards a true update of the area and actually describe locations, adventure sites, NPCs, and plothooks that players and DMs can actually use. Maybe in that kind of book we could see the new kobold or hobgoblin. Although personally I don't think even a setting book like that is likely. I think they'll save any updates for future adventure books.