Matt Gertz of the Visual Basic team has posted an excellent discussion describing the release process for Microsoft's product development teams. Often as a presenter I'm asked 'how does Microsoft do it?'. Matt's post does an excellent job of talking about the project management details of managing quality for a product release.
http://blogs.msdn.com/vbteam/archive/2007/08/27/endgame-matt-gertz.aspx
Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.