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I saw this demoed today during the Tech-Ed keynote speech. There will be two parts - Service Pack 2 for Exchange 2003, and the Email and Security add-on pack for Windows Mobile 5. No dates were given.
The demo looked quite good. Under the Exchange System Manager, you get additional options to manage the security policy for devices. This allows you to enforce things like password size, complexity, how many goes you get to enter it before the device wipes, etc. There is also an over-the-wire kill just like Blackberry.
I didn't get to see enough to answer some of my queries but it isn't bad for a first go - MS seem to have hit the major feature requirements. One area where I think BB do better is in passwords. On a Blackberry, if you get the password wrong 5 times, it asks you to enter "Blackberry", thus allowing the device to be sure the keyboard is working. If you continue to get it wrong, the device stops hiding the password so that you can see what you are actually entering.
Combine this with some of the new devices coming out like the Universal and I think that you've really got a real alternative to RIM. There is, apart from anything else, a much richer choice of devices than you've got from RIM.
--Philip
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