I took a closer look at the only publicly available English language SMR on the site (yes - there's a password protected Social Media Release on the site - not very social if you ask me...). The publicly accessible SMR announces fashion icon Karl Lagerfeld's decision to design 80 limited edition homes on an island in Dubai.
The layout of the page is simple and clean (especially when compared to some of the early SMRs), but the site itself seems to be lacking some elements that would make it a truly interactive and social site. SHIFT Communications' latest SMR template called for the integration of a commenting feature and pointed out the importance of offering an easy way to embed multimedia files. Neither of these features seem to be present in the Lagerfeld SMR however. Add those features to the site and I think you'd have a really nice example of a news release worthy of the 21st century.
Update (8/19): Turns out the service does allow you to grab the embed code by using the video contained in the body of the release instead of the one listed on the sidebar.
Update (8/19): The CNW group, a Canadian news and information distribution provider, also just launched a very nice SMR distribution tool. Their service allows for user comments and displays the video embed code right under the video.