The news is a couple of weeks old, but I came across the topic again this morning and thought I'd give it a quick blog mention: It is reported that Microsoft is going to acquire a company named "Danger" that makes consumer smartphones.
I've used Windows Mobile on my phones for years now - currently running WM6 on a (Verizon) HTC xv8600 device, which I love. I'm not sure why they are getting into the hardware end of things, but I think the OS is great and hope they continue to invest resources to even further enhance mobility features.