Today, Microsoft’s update page for Windows Phone 7 is now live and mentions what we can expect with the first major update for the platform. From the looks of it all, we can expect to find things like copy & paste, improved Windows Marketplace search, and faster start up times for apps. However, nothing on the page mentions an exact date on when we'll see the new update – but we do find the words coming “in the next few months” on there.
Regardless of the vague time line, Windows Phone 7 handset owners can check out the site whenever to check up on the status of potential updates – not to mention any new features as well.
source: Microsoft via Phonescoop