We've heard rumors for a while now that the next major update to Windows 10, codenamed "Threshold 2," would be available this Fall -- and more specifically, this November.
It looks like the tipsters were correct, based on a new report from my Windows Weekly cohost Paul Thurrott. Thurrott's sources say Threshold 2, which Microsoft will christen officially "Windows 10 Fall Update," is definitely coming in November. (Though Microsoft will encourage partners and others not to call it that and just refer to it as plain-old Windows 10, given the push to get users to think of Windows 10 as a "service.")
Among the new features expected in the Fall Update are improvements to Cortana and search; Favorites, Reading List and password syncing in the Edge browser (along with the ability to launch a second instance of Edge); and support for the recent Activation changes Microsoft made to allow Windows 7 and Windows 8.x product keys to work.
I haven't heard any updates recently as to whether some of the expected missing business features for Windows 10, such as Enterprise Data Protection and support for a Store for business apps/users, will still be part of Threshold 2, but I am thinking this is still on. The new, bundled Universal Skype messaging, phone and video apps are also still likely to be part of the Threshold 2 update, I believe.
The lack of extension support in Edge is preventing some (including me) from making it their daily driver in Windows 10.
I also do not believe Microsoft's alternative to Apple Pay will be in Threshold 2, as it has not yet gone to testers. That feature is codenamed "OnePay," my sources have said. Microsoft talked up this feature in March at its WinHEC China conference but hasn't mentioned it lately.