The server version of App-V (formerly SoftGrid), now officially dubbed Server App-V, was previewed for the first time ever in May 2009 at the Microsoft Management Summit (MMS) but Microsoft actually announced plan to deliver this product in January 2008.
In the last year Microsoft barely mentioned it again, showing an additional demo at MMS 2010.
Unfortunately, the just ended TechEd 2010 conference didn’t bring better news (see virtualization.info coverage). Quite the opposite, the event sanctioned a far distant release, probably scheduled for Q2 2011, in sync with the launch of the next version of System Center Virtual Machine Manager (SCVMM).
To be fair Microsoft didn’t explicitly said that Server App-V will arrive by that timeframe, but at this point there’s no hint about an earlier release.