Recently, because of an ill-worded product description in the VS2010 Smart Devices up on MSDN, MANY folks have been going crazy saying "it's the end of the world for Windows Mobile."
Well, I am here to tell you that that could NOT be farther from the truth.
There will be support for Windows Mobile devolvement in Visual Studio 2010. You have to remember that the release of VS2010 is a BETA...not all things are baked or ready to be shipped with it.
Also, remember that every version of the Windows Mobile SDK has, to date, shipped out-of-band from the major VS release. So, this really should not be a big surprise.
As for the official line:
We are absolutely committed to making Visual Studio a great development tool for the Mobile developer. For existing Visual Studio 2008 developers, we will be releasing a new Windows Mobile 6.5 emulator in the upcoming months [weeks hopefully - Hegenderfer] that works with the Windows Mobile 6 SDK. This provides a great solution for existing developers. We will deliver Mobile device tooling for Visual Studio 2010 but we can’t share details at this time.
I hope this helps reassure some folks :)
Addition to this post:
Someone brought to my attention this post, and I feel I have to correct it. Over time, priorities and products change. We still have not annouced any plans for support of WM 6.X in VS2010.