The word hitting the net waves is Windows Mobile 7 operating system will include Internet Explorer 7 along with an optimised game experience and some Zune features according to an article over on msftkitchen who gain their info from a series of Linkedin resumes.
Further evidence supports the inclusion of Microsoft’s online tech such as SharePoint and Silverlight for Windows Mobile 7 and that also Portable Media Center may well be included as well.
Apparently the resumes also make mention of Motorola developing a Windows Mobile 7 handset which may include touch screen gestures along with a new keyboard layout for fingers rather than stylus.
Obviously nothing is confirmed about Windows Mobile 7 so is basically just speculation at this moment in time and there is no word on any likely release date either other than the first Windows Mobile 7 handset may ship in the 2nd half of 2010.