According to WMExperts here is the official statement from a Microsoft spokesperson in regards to the SMS 2016 Bug in WM :
“Microsoft is aware of reports that phone messages received after 1/1/2010 may be dated 2016. These reports have not yet resulted in widespread customer inquiries; however, we are working closely with our manufacturing and mobile operator partners to investigate the cause and correct the issue as appropriate.”
It looks like the bug is not limited to just WindowsMobile. There are news about ATM card Service being affected by this bug in Australia. Read about the Eftpos glitch in Australia
http://www.smh.com.au/business/welco...0105-lqus.html
but in the mean time here is the cab for the y2k16 fix