When do you think the first update to Unity 4 will be released?
“soon” 
When it’s done.
Will it have the new GUI system .
I dont worry anymore. The new GUI System is the Duke Nukem of Unity. Maybe we will see it with Unity 4. Maybe we will see it in Untiy 5 or 6. Maybe not at all. Never trust promises. You have to develop with whats available, not with dreams.
I would be happy though when the point upgrade would finally be able to convert my 3.5 project. Still waiting for a working solution …
This is golden.
Did you report a bug on what’s not working? We can’t fix problems we don’t know about.
Ahahahahaha I agree with n0mad: this is golden! 
I don’t want it to be the Duke Nukem of Unity. I don’t want it to be absolutely terrible when it comes out.
Will the update contain Windows Phone 8 export?
[magic globe mode enabled]
I predict that around the end of January there will be a flood of reactions about the new GUI system.
Regarding the new update, it may or may not appear until end of December.
Now, may I have some more laurel leaves please ?