Microsoft has apparently revealed at a developer event in India that it intends to produce a "low-cost version" of Windows Phone 7 primarily targeting emerging markets that would come after the initial volley of higher-end devices schedule to launch at the tail end of this year. Little else is known at this point, but Sudeep Bharati -- director of India's Visual Studio group -- has mentioned that it will have a smaller screen, suggesting that this might be one and the same as the HVGA spec Microsoft mentioned back at
