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Neowin posted a story that Microsoft confirmed that Windows Phone 7 "Tango" will be a minor update focusing on developing markets, such as Asia, and low-end devices



At an MSDN seminar called “The Next Generation of Development”, held in Hong Kong today by Microsoft, the company confirmed some previously rumoured details about the Windows Phone 7 “Tango” update. As we reported earlier, Tango will in fact be a minor update.

The aim for Tango is to make Windows Phone 7 more accessible in the Asian markets such as China and India, and will be used on lower-end, cheaper devices developed by companies such as Nokia and ZTE. It will also bring improved Bing services to these companies that Microsoft has overlooked as they focussed on the European and North American markets.
  Microsoft confirms WP7 "Tango" is a minor update