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It is every other month. MWM 220.127.116.11 was just released last week.
Though MWM 2.0 is technically released, there is no upgrade path yet - and it's not really released for implementation teams yet.
There will continue to be MWM 1.5.x releases, roughly every other month, for probably the rest of this year. I imagine Product will announce later this year updated release schedules, migration plans, etc concerning 2011 and beyond.