No, as of February 19, 2013 the latest version is 1.4.3. See docs .
If you want 1.5, you can get it from github -
pip install -e git+https://github.com/django/django.git@1.5b2#egg=django
UPDATE
The latest version (1.5.1 as of June 7, 2013) can be installed using
pip install django
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