Am I imagining things or has there been an increase in the frequency of releases of gcc (I understand that this is a bugfix point release) since clang started to become popular?
The actual count of releases hasn't been much higher than normal. But recently a number of previously more experimental or controversial features have been released. IMO, the main one that likely wouldn't have been released without the Clang/LLVM pressure is the plugin interface that has been around in branches for many years.
I don't think it has (or will) make a huge difference - gcc has always been competing with commercial compilers (and to a lesser extent, open source compilers like pcc) so it's never really had much of a reason to stagnate.