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If you have 1.0.35 then it did nothing because you're up to date. The best place btw to get updates is from Procoder...always assuming you have a legal copy.
BTW, there's a second service pack due by end of month.
Servicepack 1 came out June 26th !!
All versions from 1.01 on include that servicepack.
If oleg put it recently in his news that means he is pretty out of date (like many times before !).
Next week servicepack 2 will be released with the following features:
Entirely reworked AVI exporter providing better support of all CODECs, bitrate settings, quality settings, etc. Improved Import modules including support for MJPEG AVIs and DV Type 1 AVIs
Helix (RealVideo 9) support Higher quality NTSC<->PAL conversion
Enhanced MPEG quality and flexibility
MPEG output now supports setting the 3:2 pulldown flag
Stream configuration for multi-stream outputs (Windows Media, Real) Option to turn off the completion sound
Command-line support for automation