Perhaps just as notably, the OS supposedly won’t support multitasking, with applications instead simply pausing themselves when in the background (there will be support for push notifications, though). Also missing is Flash support (at least initially)…
Microsoft is confident that the first hardware will be ready by September of this year.
…the browsing experience is currently “better / faster” than the iPhone 3G, and that Microsoft is “aiming towards” the 3GS.
So Microsoft is trying to have a new phone OS and new (presumably third-party) hardware that’s not as fast or good as the iPhone 3GS only 14 months after its release, by which time Apple will likely have released its successor?