Roberted has some good thoughts on the MS/Nokia merger, basically saying it's not that bad, and that since Nokia has the distribution and Microsoft has the good dev tools and OS (and having played with a WP7 a few times it's really pretty cool, though definitely not without it's flaws), and they'll compliment each other.
I mostly agree, though as even he notes, the smartphone world is now all about Apps, Apps, Apps, and Android and iPhone own that market right now. Guess we'll see what happens.