While there’s a lot to be excited about in the upcoming Windows Phone 8 launch, many current users are unhappy with the state of things. This applies especially to Lumia users in the United States, who hopped on board the Microsoft and Nokia train only to find out they’re being left in the dust for new Windows Phone 8 hardware features.

The Windows Phone 7.8 update was set to assuage some of the feeling of abandonment by giving users the new start screen and a few other features, but even investors are looking at Nokia and understanding that the company is in a very low place right now. Over the weekend the company’s stock dropped to a new 16 year low, as investors realize the company won’t be turning around in the next six months as hoped.

Consumers who are interested in Windows Phone will wait to purchase a Windows Phone 8 handset, and those who already own Lumia devices are carting around legacy handsets that may not be able to run all of the best apps come six months from now. This jaded position for Nokia has led many to wonder if Microsoft’s announcement placed Nokia in a prime position to be bought by the Redmond giant.

There has been speculation all across tech circles that Microsoft is looking to get into the handset business just as it stepped its foot into the tablet business and made waves with the Microsoft Surface. It’s possible that with Nokia in such a poor position financially, Microsoft may do the same with the company that Google did with Motorola. Buy up the company and operate it as a separate but wholly owned subsidiary that manufacturers exclusive Windows Phones. Do you think this is a possibility? Let us know in the comments if you think Nokia would do better under Microsoft’s wing.