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Still, it'll be far less worse than having the carriers take care of those up-//whats?//

However, Google is moving in the right direction IMHO: don't forget that there is this weird thing named "No-Disclosure", so hopefully, you'll get a patched Android even before the bug/flaw is unveiled.

You are basically unprotected 100% of the time anyways... as long as you are not a target, you should be ok.

Also, I think that Microsoft have been doing monthly security updates for many years... and once in a while, they push an update early for very severe bugs.

If you knew how the wireless stack in the modern smartphone works, unpatched application OS would be least of your worries.