SmartConnect 2011 was a great build with heaps of new functionality we have discussed before.
This release supported connectors for Microsoft Dynamics 2011 on premise but was not designed to support 2011 CRM online and IFD (Internet Facing Deployment). There were a number of changes Microsoft made in regard to these deployment types that SmartConnet needed to accommodate. It appears our communication around this limitation should have been clearer for our partners and customers and I apologies for that.
Our development team are working on our 2011 connector for CRM 2011 online and IFD currently and we anticipate having this release available in 3-4 weeks from now. Again, I apologize if this has caused any issue or delays your upgrade, but we will be resolving this issue shortly.