Good news, 4.0.8.0 update started pushing out to some SRS v2 devices via the Store on Friday, July 6th. It should made available to all SRS v2 devices in the coming week.
4.0.8.0 enables both Skype for Business *and* Teams meetings support on Rooms Systems devices.
Teams is turned off by default once the update is applied. Admins can enable Teams locally in device settings or via a remote xml push.
Not much more detail at the moment, but I will update this post as the documentation and details get released.

Hi Tom, Have you had any updates on this? We have had the update installed, but now we are experiencing issues with Skype in meetings and display options available.
Hi Tammy, no update personally, but I know a lot of patches have been released. I would check you are fully up to date
Hi Could i clarify your statement ~”Teams is turned off by default once the update is applied”.
Admins can enable Teams locally in device settings or via a remote xml push. – I am having so many issues with SRS v 2 and TEAMS – a nightmare – as any external email address’s i use get kicked out of any teams meetings?
Many thanks
Joe