"Microsoft is expected to officially launch Windows Mobile 6.5 on October 1, 2009 and add an upgrade version with a touch interface in February 2010, the sources indicated citing Microsoft roadmap."
So we will get an interim OS version before WM7 is available. That's the good news. The bad news is that the same report states that WM7 will only be launched in Q4 2010, which is really disappointing to put it mildly. A dual-platform strategy to compete with Apple and Google's Android? Fragmenting your product offering and playing to your opponents' strengths doesn't strike me as a winning strategy - Microsoft's got to work harder and faster than this. To quote Terry Pratchett, "Early in the morning? My dear lad, you will need to stay up all night!”