If you thought the Visual Studio 2005 Launch was only interesting for desktop developers, then check out this video of Phidgets USA, robotic arms and devices connected to a desktop PC over USB being controlled through managed code.
Visual Studio 2005 is also a really cool product for developing native and managed applications for Windows CE 5.0, Windows XP Embedded, and of course Windows Mobile devices.
This video from the VS 2005 launch event is a Pete Grondal production (yep, him again! - remember the "crash" from TechEd ?) - You can find a ton of other videos from the launch on this FeedBurner site.
oh, and here's a link to the video XML/RSS feed.