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Personally though I don't think Bill Gates would allow this. He likes the XBox and Bing brands and is still a major heavy on the board of directors. Elop would have to get the support of a large majority of the shareholders to do this and I don't think he'd get it. MS is making a ton of money right now, they can afford to have some side projects.

Perhaps some kind of alliance/mutual relationship with Nintendo I could see since Nintendo of America operates right next door to MS and perhaps in such an agreement, MS could get Nintendo to allow Windows RT/mobile onto future Nintendo handheld devices. That would be a considerable win for them I think, getting a lot of kids hooked onto Windows mobile before they buy a Android or Apple smart device.