The Video SDK has been named as the #1 Product of the Day on Product Hunt, indicating its popularity and user reception. The SDK offers various features such as waiting screen customization, participant tab panel toggle, audio and video sharing, and more. It also includes bug fixes for issues like timestamp errors in chat and custom audio/video tracks. The Video SDK has been released with several versions, including React Native, Flutter, Android, and JavaScript SDKs, each with their own set of features and bug fixes.