Probably not a distill of o1, since o1 is a reasoning model and GPT4.5 is not. Also, OpenAI has been claiming that this is a very large model (and it's 2.5x more expensive than even OG GPT-4) so we can assume it's the biggest model they've trained so far.
They'll probably distill this one into GPT-4.5-mini or such, and have something faster and cheaper available soon.