This is a free update, just like the previous six updates from Apple.
FYI
If you want to load it manually, you can see one of these two links, depending upon what your current OS is
Updating from Mac OS X 10.4.6 to 10.4.7
http://docs.info.apple.com/article.html?artnum=303771
And
The combo update installer (described in this article) updates Mac OS X 10.4, 10.4.1, 10.4.2, 10.4.3, 10.4.4, 10.4.5, and 10.4.6 to 10.4.7.
http://docs.info.apple.com/article.html?artnum=303772