Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.
As a few people already realized, the VS 2010 Beta documentation states:
“Support for smart device development has been removed from Visual Studio 2010.”
Short answer: VS 2010 won’t support WM 6.5 / CE 6.0 and earlier, but will support the following versions.
Long answer: Read this official statement from Microsofts Technical Evangelist Frank Prengel.
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