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From the looks of it, a job posting on Microsoft's career site has informally confirmed that Windows Phone is on track to receive "major yearly releases."



From Engadget:
The idea of pushing a hefty Mango-sized package of features to its phones once a year shouldn't come as much of a surprise, as both iOS and Android aim for the same goal, but it's nice to see that the folks in Redmond have a good feel on exactly where the platform is headed.
  Microsoft job listing hints at annual Windows Phone updates