In an event held in New York City, Microsoft today has announced Windows Phone ‘Mango’ update which brings over 500 new features to the platform.

It’s a funny time in the world of Windows Phone 7. So much is going on right now, with NoDo bringing copy & paste to the platform and multitasking not far away, yet it’s almost like people don’t even know it’s there. One thing we do know is there is one random build of the operating system, apparently installed on an Italian LG Optimus 7 is floating around in the wild.