Re: Dumb Question?
Well... Yes and no...
Nothing created for WinMo will run on WP7... However... Some developers have chosen to create their software using the programing tools required for WP7. For example... Pandora, Tetris, WeatherBug... Etc... So alot of the software (apps) you already know will be available in WP7 flavor. Do a quick Bing search for WP7 apps to get a better feel.
I think that answered the second part of your question as well.
p.
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