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Nokia-branded smartphones running Windows Phone 7 should hit stores by next year as alliance takes shape.



From InformationWeek:

Efforts by Microsoft and Nokia to hammer out the details of a mobile technology alliance are well underway and should lead to Windows Phone 7 software on Nokia smartphones by 2012, a senior Nokia executive said.
"Negotiations have progressed very well. They will be concluded well on schedule," Kai Oistamo, head of corporate development at Nokia, told Reuters on Monday.
  Microsoft-Nokia Phone Deal On Track