I guess this is a running commentary on my part.....

I think I have it. I am sure this is not how the developers would want it done, but the lack of documentation is forcing my hand.
I found in the /etc/rc.d/init.d/network start script the fact that SME is calling all files located in /etc/sysconfig/network-scripts.
In that folder you will find a file called ifcfg-eth0 and ifcfg-eth1 among others.
I guess at this point I should mention that we need to clarify which nic is being used for which network. In my instance eth0 is the LAN nic, and eth1 is the WAN nic.
Back to business....
I copied the ifcfg-eth0 to a file called ifcfg-eth01 then edited the file to have the network I needed to add. see below.
I am only showing the lines that I edited.
DEVICE=eth0:0
IPADDR=192.168.20.1
NETWORK=192.168.20.0
BROADCAST=0.0.0.0
After I was done editing, I rebooted the system and the eth0:0 interface came up as I had hoped.
If I am not missing anything, this should be what anyone who wants to add a second network to a SME LAN needs.
I hope this helps.
Glenn