When I performed the OTA update about 10 days ago, my handset reported I had the latest software, but then I tried using the Windows SE Update app. This resulted in an update (1208-0531, R1DA032, 090204) being available. Proceeding that version info was "HONG KONG". Perhaps the update tool reads off previous firmware to determine geographic region. I'm in the US but bought this phone from someone in Sydney who bought it in Hong Kong.

I noticed YouTube application and Smile Shutter on this version but not the other features reported (SMS chat style conversation, HP photo print, WayFinder8, etc). The date of this update was 04FEB, so perhaps these later versions will be more complete.