Virtio is a common framework for IO virtualization in hypervisors. It is part of DPDK accelerated Open vSwitch and allows for hardware abstracted VNFs. The virtio OASIS standard is going into the next round and the focus will be on performance improvements. We aim to make it work better on the underlying hardware but also allow for hardware implementations of virtio. This talk will give an update on the current developments and the progress made towards version 1.1. We will look into some of the new features, some benchmarking results and how these help with improving performance.