The Exchange Product group does a great job of summarizing the most interesting changes and improvements in Exchange 2010 SP1 in this post on the MS Exchange Team blog. You can also find a more comprehensive list of the changes and improvements included with this latest service pack in the "What's New !" section in the Exchange 2010 TechNet documentation.
The Exchange Server 2010 SP1 (version 14.01.0218.015) has now been released to the public and is available for download here.
You can find the public announcement from the Exchange product group here.
It's recommended to use Use Exchange Server 2010 SP1 Help">Exchange Server 2010 SP1 Help and release notes to help you plan, deploy, manage and upgrade to Exchange 2010 SP1.
Any idea when roll up 5 for e2010 will be out ????