Mobile Review is one of the first to publish a preview of Microsoft's upcoming Windows Mobile 2005 (codenamed Magneto):

Currently the OS is called Windows Mobile 5. Most likely by the release Magneto will have the commercial name Windows Mobile 2005. The system requirements are as follows: 32 MB of Flash ROM, 64 MB of RAM. As for the processor, the old requirements are valid, i.e. Magneto will have acceptable performance at 200 MHz..



Link: Mobile-Review