I think people are forgetting about intel here. They are making the smallest and most efficient x86 platform right now and they will be putting it into phones. This means you can run x86 apps on it. I bet microsoft will make a slimmed down windows OS for this platform.
http://www.youtube.com/watch?v=pyQ_NWt_sjA
http://www.youtube.com/watch?v=XcN_9vZ7j20
http://www.youtube.com/watch?v=pyQ_NWt_sjA
http://www.youtube.com/watch?v=XcN_9vZ7j20