The May 2022 release announcement for videosdk.live includes enhancements and updates across various platforms, including prebuilt SDKs, JavaScript SDK, React JS SDK, React Native SDK, Android SDK, and iOS SDK. Notable improvements include fixes for bugs and issues with video control buttons, region support for new meetings, custom track functionality, and error handling for device or browser compatibility. Additionally, the announcement highlights a positive user experience, citing Video SDK as a go-to software for meetings due to its simplicity and professionalism. The release also invites developers to join the community for future updates, events, and support.