According to a roadmap from device manufacturer MWg, the company plans to have a Windows Mobile 7 device on the market some time in the fourth quarter of this year. That's earlier than this version of this operating system had previously been expected.
The revelation came during a press event to announce the launch of the MWg brand in Europe, which was previously marketed as O2 Asia. At this, the company displayed a roadmap listing a number of smartphones and handheld devices. On this was a smartphone scheduled for release in Q4 2008 running Windows Mobile 7.

Windows Mobile 7 released this year not next?
Source: http://www.brighthand.com/default.asp?newsID=14049