Update(June 28, 2011): Final version of Microsoft Office 2010 Service Pack 1 has been released. Look below for more details and download links.

After flurry of updates and patches for Office application suite, Microsoft Office team is heading towards release of Service Pack 1, the first major milestone in product life cycle of Office 2010 and SharePoint 2010.

Service Pack 1 for Office 2010 and SharePoint 2010 was in test phase for couple of months but today’s official announcement about Service Pack 1′s release by the end of June 2011 pretty much confirms the fact that Service Pack 1 for Office 2010 and SharePoint 2010 will soon be available for current and future Office 2010 and SharePoint 2010 users.

SP1 for Office 2010 & SharePoint 2010 will be offered in the form of manual download from Microsoft Download Center for first 90 days after the release, after which it will be included as an Automatic update for Office 2010.

Here’s a quick round-up of  bux fixes and other updates that you will get after installing SP1 for Office 2010 and SharePoint 2010:

• Outlook fixes an issue where “Snooze Time” would not reset between appointments.
• The default behavior for PowerPoint “Use Presenter View” option changed to display the slide show on the secondary monitor.
• Integrated community content in the Access Application Part Gallery.
• Better alignment between Project Server and SharePoint Server browser support.
• Improved backup / restore functionality for SharePoint Server
• The Word Web Application extends printing support to “Edit Mode.”
• Project Professional now synchronizes scheduled tasks with SharePoint task lists.
• Internet Explorer 9 “Native” support for Office Web Applications and SharePoint
• Office Web Applications Support for Chrome
• Inserting Charts into Excel Workbooks using Excel Web Application
• Support for searching PPSX files in Search Server
• Visio Fixes scaling issues and arrowhead rendering errors with SVG export
• Proofing Tools improve spelling suggestions in Canadian English, French, Swedish and European Portuguese.
• Outlook Web Application Attachment Preview (with Exchange Online only)
• Office client suites using “Add Remove Programs” Control Panel,  building on our work from Office 2007 SP2

Microsoft Office 2010 Service Pack 1 download links:

• Office 2010 Service Pack 1(32 bit)
• Office 2010 Service Pack 1(64 bit)

While the download completes, don’t you forget to grab a free Xbox 360 under limited offer by Microsoft (More details here). Also, Microsoft Office 365 has launched for everyone. Take a look at that as well.