Microsoft Office SharePoint Server Service Pack 2 is now available!

Description of 2007 Microsoft Office servers Service Pack 2 (SP2) and of 2007 Microsoft Office servers Language Pack Service Pack 2 (SP2)

http://support.microsoft.com/default.aspx?scid=kb;EN-US;953334

Download links:

2007 Microsoft Office servers Service Pack 2 (x86)

http://www.microsoft.com/downloads/details.aspx?FamilyId=B7816D90-5FC6-4347-89B0-A80DEB27A082

2007 Microsoft Office servers Service Pack 2 (x64)

http://www.microsoft.com/downloads/details.aspx?FamilyId=B7816D90-5FC6-4347-89B0-A80DEB27A082

2007 Microsoft Office servers Language Pack Service Pack 2 (x86)

http://www.microsoft.com/downloads/details.aspx?FamilyId=01C6A3E8-E110-4956-903A-AD16284BF223

2007 Microsoft Office servers Language Pack Service Pack 2 (x64)

http://www.microsoft.com/downloads/details.aspx?FamilyId=66C5026F-9F47-4642-8378-2526918009FA

Downloadable list of issues that are fixed:

http://download.microsoft.com/download/C/2/C/C2C36159-600C-4EEA-B80A-F988EE7A418F/2007%20Office%20Service%20Pack%202%20Changes.xlsx

Service Pack 2 includes all public updates, security updates, cumulative updates, and hotfixes that were released through February 2009. It is recommended that you have 5x to 6x the size of the package free to have a successful deployment; this has increased from the requirements needed for SP1.

Please take note of the following KB article:

Known issues that you may experience when you install the 2007 Microsoft Office suite Service Pack 2 and Windows SharePoint Services 3.0 Service Pack 2

http://support.microsoft.com/default.aspx?scid=kb;EN-US;968173

Source- MSDN Blog