🔖 Bump version to 4.0.7

- Add automatic update checking feature
- Fix component validation for pipx installations
- Update all version references across 35+ files

setup/utils/updater.py

@@ -295,7 +295,7 @@ class UpdateChecker:
         return False
 
 
-def check_for_updates(current_version: str = "4.0.6", **kwargs) -> bool:
+def check_for_updates(current_version: str = "4.0.7", **kwargs) -> bool:
     """
     Convenience function to check for updates