SP1 has just gone live here:


In addition to the enhancements that are documented in this post, the update includes support for the authoring of IIS Smooth Streaming content.

Note that the authoring of both IIS Smooth Streaming and H.264 for devices are only available in the full product, not the trial.  The remainder of the features such as audio overlays and WebDAV publishing are available both in the trial and the full product.