Depends on how you define "success" or "failure" of course.
But I'm sceptical. Windows Mobile 6.x just sucks. Everyone I know who bought a WinMo smartphone hated it and said they would not buy another Windows Mobile Smartphone. Windows Phone 7 will be a complete rewrite, but I think people who have already experienced Windows Mobile will still be very very sceptical ("Better not do the same mistake twice!").
And of course there is the apps problem. The availability of many apps is an important factor to success nowadays. And that's where Windows Phone will have a major problem in the beginning: Windows Phone 7 will not run any Windows Mobile 6.x applications, so at it's launch Windows Phone 7 will have pretty much no apps at all. And since the Windows Mobile market share in smartphone segment has meanwhile dropped to 5%, many developers will probably wait and see how Windows Phone 7 does before they develop for it.
And at least the launch date version of Windows Phone 7 will still be missing lots of features the competitors have:
- no copy and paste
- no multitasking
- Web browser without HTML 5 or Flash support
- Very limited home screen customization
- no builtin possibility of sharing data between apps (apps even cannot access the user's pictures)
The best reason I see why Windows Phone 7 might still become a success is Microsoft's massive advertising budget. When Windows Phone 7 launches, we will probably see ads for it everywhere.








