Sup guys, look what I found. It's a new WebKit-based browser for Windows Mobile. Full HTML browser with no transcoding server. It's actually pretty fast, but still lacks usability features at the moment, such as kinetic scrolling and text reflowing. Still, an interesting browser!
It's in closed beta for now. You'll need to register and they'll send you a download link. I got mine within minutes, but I can't guarantee anything since I'm not affiliated. :P
They claim WVGA only, although my Diamond runs it just fine.
http://www.dorothybrowser.com/