The Windows Phone 7 emulator has already yielded a few treasures—perhaps treasures isn't the right word?—so maybe you're hankering to take a look around yourself. If you're so inclined, Engadget has a nice walk-through of how to get the emulator up and running. If that seems like like too much work, there's a 10 minute video which should give you an overview of the basics. [Engadget]
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