Software design has a longer history while the term software architecture is barely 20 years old. Hence, it is going through growing pains right now.
Academics tend to see Architecture as part of the larger field of software design. Although there is growing recognition that Arch is a field within it's own.
Practitioners tend to see Arch as high-level design decisions that are strategic and can be costly in a project to undo.
The exact line between Arch and design depends on the software domain. For instance, in the domain of Web Applications, the layered architecture is gaining the most popularity currently (Biz Logic Layer, Data Access Layer, etc.) The lower level parts of this Arch are considered design (class diagrams, method signatures, etc.) This would be defined differently in the domains of embedded systems, operating systems, compilers, etc.