There's a Windows Phone update hitting handsets today, but it's not the one bringing features such as cut and paste that users have been waiting for.
So what's in it? The official Windows Phone Blog has the details:
What’s in this update?This first update for Windows Phone is designed to improve the software update process itself. So while it might not sound exciting, it’s still important because it’s paving the way for all future goodie-filled updates to your phone, such as copy and paste or improved Marketplace search.
In the future, I encourage you to check out our new update history page on the Windows Phone website for a brief, plain-English summary of what each update does or what features it adds to your phone.
When will I get this update?We’ll begin sending it out today. But to help ensure the process goes smoothly, it won’t be sent to everyone at once. So you might see an update message before your spouse, co-worker, or neighbor (or vice versa). This is a common industry practice. That said, we understand you’re eager to have the latest software on your phone, and our goal is to deliver it to you as quickly as possible.
To get it you'll need to connect your Windows Phone handset to the Zune software or the WP7 Connector for Mac and you'll be guided through the update.
[UPDATE 2: WinRumors has outlined a possible fix for the WP7 update handset bricking problem. It's long and convoluted, involved downloading firmware from untrusted sources and there are no guarantees ... but it could bring your bricked handset back to life.]
[UPDATE 3: Microsoft issues comment on the matter here.]