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In a recent interview, Nokia bigwig, Stephen Elop, said that it is "possible" that we may see the first Nokia-branded WP7 phones this year. 



From WPCentral:
“We are the key Nokia partner in Russia. Thanks’ to the cooperation agreements on the “shop-in-shop” format, all the newest models show up at Sviaznoj earlier then in competing outlets…. We expect that the first Windows Mobile based Nokia smartphone will show up in our stores before the end of 2011”
  Nokia WP7 phones coming to Russian retailer in 2011?