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I'm not in support, but this is my experience the last few cycles:
The .1, .2, etc., releases are now on a three-time-a-year cycle (used to be quarterly), and address a whole host of issues that came up since the initial .0 release. These are cumulative, and can have several hundred fixes in them.
Fixpacks are meant to come out between these cycles, and are much smaller in nature, but are tied to a specific release. In other words, 7.0.2 had 1,249 fixes and could be applied to 7.0.0 or 7.0.1, but FP1 for 7.0.2 could only be applied to 7.0.2; hence, FP1 had only 29 fixes.
As to whether or not a FP gets released, that's really up to development. If there are several issues that affect enough customers (esp. large ones), a general-purpose FP will be released. If there is a specific issue that you need fixed, support is very good about providing either a workaround or a hotfix for your environment.
Feedback response number GWAH7P7PM6 created by ~Holly Renuterli on 02/12/2009