This posting relates to "SMS/Text Voting Solution available for download. Utilizes Windows Mobile V5, SQL Mobile 2005 and SMS Message Interceptor"
There is a known problem connecting the Windows Mobile V5 Emulator to the August CTP build and you'll like get one of two errors should you try.
So armed with the last bit of info I went digging around and found some interesting looking configuration files in the "file://C:\Program Files\Windows CE Tools\wce500\Windows Mobile 5.0 Smartphone SDK\Tools\Securityconfiguration" directory plus a readme.txt file... Cool a readme.txt file with some guidance on not to use the "SecurityOff" configuration, so you can guess which one I choose (yes I know, guilty, if you have ever been to one of my security talks:-)
From Visual Studio:-
I'm pretty sure this problem is is just a August CTP Build problem and in all seriousness you should probably investigate the other security config options.