I'm actually reasonably happy with the 7.8 update path and look forward to hearing more about the features we'll be getting with it.
In some ways, I can understand the anger that some users are feeling, that we might not get all of the fancy new software stuff because it hasn't been announced yet. But on the other hand, it's also kind of insane to be pissed about not getting WP8 because of all the extra stuff that is in it that current phones simply cannot support.
Why are people annoyed at not getting the Wallet app when their current phone doesn't have NFC can so can't make use of it? Why are people frustrated by their phones not being able to support screen resolutions beyond what their handset is specced for?
I admit I will be disappointed if the deep skype integration doesn't come with 7.8, but we'll have to wait and see what exactly we will get with it. For now, I'm glad to be getting any update at all