I think that watching Microsoft is like hearing the Pearl Harbor misquote, "I fear that all we have done is to awaken a sleeping giant". If/when MS ever gets serious about WM, look out. The WM devices these days have incredible hardware; they just need the OS updated.
Well, I think that with all the positive reviews WM6.5 has been getting, plus the Pink project that is rumoured to be going really well, you may be right. After all, with such a coherent mobile device strategy that has just 3 completely different platforms (WM, Zune, Pink), what could possibly go wrong?
</sarcasm>