Many sites have reported the AKU2 update for the Treo 700w has been posted and that they have been able to install the updated. After looking this morning it looks to have been pulled to be released at a later date.
Announcement/Story
http://www.engadget.com/2006/04/19/palm-treo-700w-updater-for-aku2-msfp-on-the-web/
Original Download link for the update:
http://www.palm.com/us/support/downloads/treo700wupdater/verizon.html
- Joel
It appears that the 1.1 update has been available again for at least a week. It seems to be a very good upgrade (just remember to back everything up).
Also, it seems to work very well with Exchange 2003 SP2 Direct-Push.