WMExperts has posted a fascinating article concerning Microsoft’s possible plans for Windows Mobile 7.  In it, the author makes several new assertions, including the idea that two different versions of the operating system will be released, and one well before the other.

Based on information provided by “several sources,” WMExperts believes Windows Mobile 7 will come in two flavors. 

The first, a somewhat barebones version, Business Edition (BE), is designed to be run with a large amount of OEM customization and add-on software.  This would make sense given some manufacturers’ history of UI enhancements (like HTC’s TouchFLO, Sense).  Windows Mobile 7 BE, lacking some of the features and eye candy of its sibling, would also be ready to deploy sooner.  This, the article states, is the version that will be made available for the HTC HD2 later this year. 

But it’s the second version of 7, Media Edition (ME), that’s the real story. 

According to the post, this version will be aimed squarely at consumers – and iPhone and Android handsets.  Features are said to include Zune-like media controls (duh), Silverlight, XBox Live support, built-in social networking functionality, and more.  ME is reportedly still under heavy construction, and will likely not be ready for primetime until late this year or Q1 2011.  However, the author believes ME will be shown off next month at MWC as a “tease.”

The article also covers some of the Windows phone hardware we can expect to see later this year that’s designed to run WM7, “Orion,” a cloud-supported GPS system, and more. Head over and read the entire post for the most interesting Windows Mobile 7 rumors yet.

Keep in mind that very little of the information in the story has been confirmed.