Mine has updated, but now it shows a strange error-ish message when starting and when clicking "Edit Fences":
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Fences
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As noted during download, this community preview beta of Fences was set to expire on November 1st 2009.
Please visit http://labs.stardock.com/Fences to obtain the latest version. Thank you for participating in the Fences beta!
(Fences will now run in reduced functionality mode until updated or uninstalled.)
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OK
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Correct me if I am wrong, but it is not after November 1st, 2009, is it?!