In Exchange 2010 SP1, the message records management technologies which was part of the 2010 RTM console has been taken out and can only be configured using the shell. The features that have been taken out from the console are Managed Default Folders, Managed Custom Folders and Managed Folder Mailbox Policies. These features have been depreciated and the new ones are Retention Policies and Retention Policy Tags, which are in the 2010 SP1 console.
Let me explain. Managed Default Folders, Managed Custom Folders and Managed Folder Mailbox Policies are part of version one of Message Records Management (MRM 1.0), whereas Retention Policies and Retention Policy Tags are part of MRM 2.0
Both MRM 1.0 and 2.0 are available in 2010 RTM, but Managed Default Folders, Managed Custom Folders and Managed Folders Mailbox Policies are exposed in the console.
In 2010 SP1, the above three features can only be managed by using the shell. The features exposed in the 2010 SP1 console are Retention Policies and Retention Policy Tags.
Eleven Retention Policy Tags are created out of the box in 2010 SP1. You can edit, remove or create new policy tags using the console or shell. SP1 Beta had only five policy tags out of the box.
Two Retention Policies are created out of the box in 2010 SP1. You can edit, remove or create new policies using the console or shell.
These two features were exposed in 2010 SP1 Beta console and the only difference in SP1 RTM is that an additional six retention policy tags are added in a default installation.
Your explanations are fab on this topic. I am new on exchange configuring and have been battling with these discrepancies over the past 24 hours. I wonder why I did not discover this post earlier.
Thanks a bunch.