Yes because I've worked hard on my blog network and I would be devastated if my blogs were attacked/hacked or injected with malicious code because I didn't update Wordpress to the latest edition.
Whenever a new Wordpress update is available I will spend a night going through every single blog updating each install and will complete all the theme and plugin updates as well. It's time consuming for me because I have hundreds of blogs now so I'm looking into using Infinite WP or something to make it much easier to update everything.
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