The news is out, here, there and everywhere. Microsoft Virtual Earth and Windows Live Local are live with support for Australia.
The developer features include:
The new coverage and features are available immediately for use with the Virtual Earth Map Control in your application. Give it a try, no changes should be needed...
The same base map and geo-code data for Australia is live in MapPoint Web Service as well, so customers with hybrid solutions or pure MWS solutions can also take advantage of the coverage.