HTC's most awesome Windows Mobile 6.5 phone isn't coming here: The HD2 has a giganto 480x800 screen and a 1GHz Snapdragon processor inside of a 11mm-thinner-than-the-iPhone body. And, it's the first WM phone running Sense, of Hero fame.
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Update: It's coming to the US, later. [HTC]
DISCUSSION
A "most awesome Windows Mobile 6.5 phone" is sort of like a Yugo engine surrounded by a Lexus body. There is a reason it is not coming here and I think you nailed it, Matt.