SmartSVN 7 supports the new Subversion 1.7 working copy format.
For this early access build, almost all of the official Subversion 1.7 functionality has been implemented, except of Merging and Creating patches. Most of the extended SmartSVN-functionality (like detecting moves) is not working yet.
All missing functionality will be delivered soon with the next early-access builds.
For a complete list of new features, improvements and fixed bugs, refer the Change Log.