OS News published a summary of the latest rumors about Microsoft's upcoming Phone 7 operating system. One of the disappointing things is the lack of multitasking support, and there's also a rumor that application installation will go through Microsoft's Marketplace alone and that it may no longer be possible to download applications from other websites.
Obviously, the big shocker is no multitasking. The rumours states that applications can "pause" instead, but what exactly that entails it doesn't say. To me, that sounds like quiting the applications but saving their state, so that when you relaunch them, you can continue where you left off. For example, if you were busy editing a Word document, then Pocket Word (or does it have a new name?) would save the state when it quits. If you re-open Word, you would be right back where you left off: cursor in the right place, document properly scrolled/zoomed, etc. Push notifications will be part of the package as well.