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Cosmos has been renamed SolidWorks Simulation starting with SW2009. There was a chart on the SW website cross referencing the old Cosmos packages to the new SolidWorks packages. I can't lay my eyes on it right now.
That later part of your question is a very hot topic on the forum. SP0 has a reputation of still being pretty buggy and unstable so many companies wait until several SP are out before upgrading.
I was just at a SolidWorks roll out. Cosmos is now Simulation. They did not come out and say why. But the features were still the same.