Microsoft announces Windows Phone 8, with a slew of new features and support

But Sad !! that old phones, even the flagship Nokia Lumia 900 will not be upgradable to Windows Phone 8m the max update will be till 7.8 version.

Anyway, here are the points that I liked
Multi processor support !! YES upto 64 CPU's thats coz it is a new kernel rewritten !
displays up to WXGA (1280 x 76 ! yes a bit lacking.. but for now only there are already full HD tests going on
Support of data on external storage ( ) so memory card support !!
This better, faster hardware will enable new, faster games and other demanding apps which, for the first time, can be written in native code. (Well, it's C/C++, which at least lets developers get out of CLR land.) All this will run on a kernel shared with Windows 8 and Windows RT. In other words: yes, Microsoft has managed to get one platform running on desktops, laptops, tablets and phones, the idea being that apps can be more easily ported from one to the next, promising "games we've never seen before" running on your phones.

Online multi player support, Wallet with NFC and many many more features.

 

Anyway the Windows Phone 7.8 would be adding many features to the current phones.

It's long been speculated that the reason Microsoft would want to restrict WP8 to new phones is primarily due to improvements in hardware support and the change in platform architecture, and this conjecture appears to be right on the money. After all, how can single-core devices with WVGA screens take advantage of multi-core and additional resolution support? That part makes sense, but that leaves the software side.
So here's the plan to ensure current Windows Phone users stay happy: a few software benefits will be included in WP8, and a hearty helping of these killer features (such as the new Start screen) will be available to legacy devices in the form of Windows Phone 7.8. There'll be support for three tile sizes, with the smallest being fingertip size (a quarter of the standard square). The update will be delivered directly to users, sidestepping carriers, and can be done over WiFi.
Update: While Microsoft was keen to announce that 7.x apps will run on Windows Phone 8, ZDNet has just confirmed, via a statement from Redmond, that apps built for the new platform won't be backwards compatible:

 

i said this last year .... Windows Phone is the future ....

 

Meanwhile, hos is your focus running with 32 Gigs ??
I want to know details !!

 

Don't find out I have already found out ;0
it is a different file structure which takes al storage as a single contiguous data storage ..
Iwanted toask you if 32 Gigs was working fine with you