There has been a good and confusing discussion on one of the marketers list recently asking which is supposed to be used spf1? or spf2?
I have always just had people publish an spf1 records for the domains in the return-path (bounce) and FROM (pretty) address and have had nothing negative come of it.
My good friend Matt Vernhout from Thindata posted this to his blog today
-Dennis
Eloqua
Last 5 posts by Dennis Dayman
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SPF2 is alive and kicking, but yes, you can use SPF1 records as an entirely safe fallback that is checked more ubiquitously.
As I said on Matt's blog, even the SenderID cache site asks for SPF1 records:
https://support.msn.com/eform.aspx?productKey=senderid&ct=eformts