Microsoft recently announced further details on the new Windows 7 Series Phone at the MIX10, the future device will only be able to install apps on the Market Place, have fairly high hardware requirements and SD cards will probably be snow from yesterday.
At least the developers can rejoice, because now the free developer tools are available, including the phone emulator for Windows 7 Series phones.
The Windows Phone Developer Tools CTP includes the following
- Visual Studio 2010 Express for Windows Phone CTP
- Windows Phone Emulator CTP
- Silverlight for Windows Phone CTP
- XNA 4.0 Game Studio CTP
The download is there here and documentation and examples you can find here.