The long promised copy-and-paste function, as well as permission to only search within apps, music and games are also to make appearance on Microsoft's mobile OS thanks to this update.
Furthermore, Amazon and Flickr apps are set to become available in 2011 and MS is cooking a "massive Bing update", although nothing definite is known about it at the moment.
Most of the rumours that we hear about the WP7 update are contradicting each other, since it has been strongly suggested that the HTC 7 Trophy is destined for Verizon, while the HTC 7 Pro is going to Sprint. Of course, it's still unspecified which device is going to which carrier, so we are patiently waiting for Microsoft's official word on the subject.
source: Mobility Digest