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At least in the US, I'm not sure that a year is a disaster. People generally have two year contracts, they try to update their devices every 18-24 months (I know that Verizon allows you to extend your contract with a discount on a new device after 20 months, for example), so WM7 just puts that decision further on down the road. If it truly is good, people whose contracts are eligible for upgrade will do so.
I'm not planning to get another WM phone - I find the thing I'm using so mediocre that I cannot believe that I'll ever get another - but, if I were a WM fan, I'd rather see them take the time to get it right than rush a solution that leaves out features that Microsoft could not add in too short a time, just to have WM7 done sooner.
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