Version 2 of Parallel Data Warehouse (PDW) is apparently due this month (and can be ordered as of March 1st). The official name is SQL Server 2012 Parallel Data Warehouse. Here are some of the major new features:
More info:
Appliance: Parallel Data Warehouse (PDW)
Video Parallel Data Warehouse Version 2
The EDW evolution continues and it is Bigger, Faster and Better !
SQL Server 2012 PDW: Game on!