According to a Microsoft email, Office 365 will introduce new features within the end of this month (October 22nd)

As part of these new features:

  • BCS – WCF Connectors (for Enterprise Plans only): enables external system connection through web services endpoints
  • External Sharing with Windows Live ID
  • Official Windows Phone 7 Mango support: enables SharePoint access for all plan; currently only Enterprise plans can access SharePoint using Office hub. HTTP access for P plans is arriving Smile
  • Recycle bin – deleted site self recovery: enables deleted site recovery from the recycle bin (introduced with SharePoint 2010 SP1)
  • Browser support – IE 9 and Chrome