It appears that Windows 7 Phone has been leaked in the form of an X86 emulator. In other words, it can be run on a PC. It’s unclear if the ROM can be dumped and then prepared to flash devices, say like the HTC HD2. One thing is for sure, if anyone can do it, it’s the chaps at XDA Developers. Those interested, this thread at XDA is heating up.
If things get promising, perhaps sales of the HTC HD2 heat up on March 24th.