Its good to know in the first place that The Microsoft Office team changed the way that it delivers hotfixes for reported problems. This change comes in the form of cumulative updates and critical on-demand hotfixes. The objective is to deliver high-quality fixes in an acceptable time and on a predictable schedule.
so the new article Cumulative updates are available from the Microsoft Office team to fix reported problems http://support.microsoft.com/default.aspx?scid=kb;EN-US;953878 has been introduced, so you may need to check this article to get to know more about the Office 2010 updates..
below are the links to the august CU for MSF and SPS 2010 and some related details:
+ MSF 2010 August CU Full-Server-Package >>> http://support.microsoft.com/default.aspx?scid=kb;EN-US;2352346+ SPS 2010 August CU Full-Server-Package >>> http://support.microsoft.com/default.aspx?scid=kb;EN-US;2352342
Its important to know that the new CU of SPS 2010 includes the MSF 2010 CU . so you dont need to install MSF 2010 CU if you have SPS 2010 farm. and that will be always the model for all coming server packages.
As usual after installing the binaries you need to run the Configuration Wizard or “psconfig –cmd upgrade –inplace b2b -wait”.
To know more about Whats new with Patching on MSF 2010 and SPS 2010 Read here http://blogs.msdn.com/b/ahmad_adainat/archive/2010/08/18/whats-new-with-patching-with-msf-2010-and-sps-2010.aspx