We have good news and bad news for Blu Smartphone users. The good news is that next month they will drop a new 4.3inch Android 4.04 dual core, dual sim smartphone. The specs are hot because they will use the MediaTek MT6577 chipset for this Vivo 4.3 model. Hit the link below for more information about that.
The BAD news is that the Blu Studio 5.3 will NOT be updated to ICS or Jellybean. Here is the quote from their rep: