Windows Phone Thoughts: Microsoft's WP7 Business Model: Too Late To Change Course

"Licensing an operating system in the smartphone space doesn't earn much money, so I understand Bright's point. But the window of opportunity for Microsoft to build its own phone closed down the minute it said it would license Windows Phone 7 to hardware partners."

Kevin Tofel at jkOnTheRun (now part of GigaOm) disagrees with the Ars Technica article we highlighted earlier this week, and he brings up some compelling arguments in his analysis. Worth a look for the different perspective it brings.