Here's the WSJ story*. The short of it: Microsoft can't handle the iPhone nuttiness and blames its hardware partners for not getting the Windows Mobile implementation right. So they are going to go with an OEM (ironically, probably HTC - which is also a hardware partner) and do it "themselves" - kinda like Google is doing with Android. Which means they'll be responsible for the outside colors (Brown!) and the advertising/product placement/branding. Maybe they'll even *gasp* use Lauren.
Verizon also would like to have something to battle the iPhone, if it can't get Apple hardware.
This plan is likely to backfire because Microsoft's curr