Vishwa has posted a great article on new features in VMM RC R2. This goes beyond the features you may have read previously. I’ve listed the features below. Visit the SCVMM Blog for details. Thanks Vishwa!
New SCVMM R2 RC Features in RC!
Quick Storage Migration
Queuing of Live Migrations
Host compatibility checks
Support for 3rd party CFS
Support for Veritas Volume Manager