Everyone saw this coming but dang, it doesn’t seem like a great mashup. For instance, are HTC and Samsung going to be stoked that their Windows 7 phone OS is pretty much coming from Nokia, one of their rivals?  Nokia sounds like they will get the Windows Phone 7 good stuff first, it isn’t just hardware.
And Microsoft. They are giving up Bing Mobile maps for Nokia’s? Again, where does that leave Microsoft’s other partners?
Sounds like a bad plan made out of desperation on both sides.