Tatarinov said that Dynamics NAV, which had been rumored as the first cloud product, would be available in that form sometime in 2012, but he declined to specify which quarter. However, attendees said the were told at a general NAV session that the product would be released in the Spring of 2012 and that the company would move to annual releases, instead of the current two-to-three year cycle That is supposed to be followed by GP and then SL. That leaves Dynamics AX sometime later since its latest version is hitting the market in August and it is not a cloud product, although the execs pointed to cloud elements that would work with each of the four accounting products. It suggests the some of the products may not arrive in the promised form until 2013 or even 2014.