PIM-SM -- Short for PIM-Sparse Mode, which is used when recipients are scattered over a large area.
PIM-DM -- Short for PIM-Dense Mode, which is used when the targeted recipients are in a concentrated area.
PIM-SM Multicast Routing Protocol This paper from Microsoft is an introduction to the PIM-SM multicast routing protocol, concentrating on version 2. It is intended for IT managers who are already familiar with multicasting, and who want an overview before reading the PIM-SM RFC.
RFC 2117 The full text of RFC 2117 detailing PIM-SM.