Haven't they pretty much stated (or otherwise indicated) that there won't be one? I know it sucks, I'm about to reinstall a Windows 7 box from scratch this weekend -- ♬ Dragon of good fortune struggles with the trickster Fox ♬
Microsoft really does need to do some kind of an update roll up (in another life these were known as Service Packs) for Windows 7, the out-of-box update experience has grown to be quite a pain.
I agree and would even be willing to pay for the update rollup disk. At this point, if I had to reinstall the OS on this computer, I would replace it with a Linux distro rather than have to endure downloading 3 years of updates on a 1.5 Mb connection.