I just found a good video from Channel 10. It shows a good example of using Silverlight on a Windows Mobile device. This is simple example, but a very good proof of concept. It is good that Microsoft has some businesses willing to be on the bleeding edge of tech, and I just hope projects like this gets other companies to take notice and start work on projects that will make for better experiences for consumers.
Anyway, I hope you enjoy the video. Keep up the good work Channel 10.