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Windows Phone 7 represents a new opportunity for Microsoft, combining a uniform minimum device specification with a slick new user interface. Built with the
Metro UI atop a new version of Windows CE, Windows Phone 7 is designed for office tasks, social networking and gaming, and offers access to a variety of Windows Live services.
These last few points might also refer to Windows Mobile, and you might reasonably think that there could be some level of backwards compatibility between the two platforms.
Sadly this is not the case. While there is a small level of data compatibility between Windows Phone 7 and Windows Mobile 6.5 and earlier, Windows Phone 7 is not backwards compatible.
Image credit: Windows Phone Newsroom, http://www.microsoft.com/presspass/presskits/windowsphone/imageGallery.aspx