Yes it will launch iOS 15.4 next week. One particularly useful feature coming to iPhones in the coming days is another way to unlock your device with Face ID while wearing a mask. You will no longer need an Apple Watch to unlock your phone without removing your mask or entering a passcode.
In addition, macOS Monterey 12.3 and iPadOS 15.4 will next week. Those updates will include the long-awaited Multi Control feature, which lets you control multiple Macs and iPads with a single keyboard and trackpad or mouse. Apple Global control at WWDC in June, but from the fall to the spring of this year.
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