The announcement was made recently at VS Live. 2 main information

• We are announcing the general availability of the Lab Management capability as end of August, 2010.
• I am really excited to announce that, at the time of release, the Lab Management capability will be immediately available to all customers who have licenses for one of the following products:

• Visual Studio 2010 Ultimate with MSDN, or
• Visual Studio Test Professional 2010 with MSDN

Amit’s blog:
http://blogs.msdn.com/b/amit_chatterjee/archive/2010/08/04/final-release-of-visual-studio-lab-management-announced.aspx

Here are the Visual Studio Lab Management landing pages for lots more info on the released version.

• Visual Studio Lab Management Information
• Visual Studio Lab Management Trial and Instructions
• Visual Studio Lab Management Setup Videos

J.