Yes, there is an Update 2. However, it's only been released for certain phone models. Even through preview for developers, I haven't received it on the Neo. I think the preview for developers program might be dead, though, in favor of the Windows Insider program. I haven't signed up for that because at least with preview for developers, it was pretty much final versions being released. The insiders program is more beta versions. I'm not that willing to jump onto that program just yet.