Windows Mobile 7- Two versions or not?

The news of the delayed launch of Windows Mobile 7 had just been made available to the customers, there is also, a rumour about Windows Mobile 7 is coming in two versions.
If believed to the reports an intermediate version of Windows Mobile 6.6 might get the hope of ruling the IT industry, at the upcoming Mobile World Congress .
Rumours are also coming in regarding the handsets that are scheduled to hit the market in 2011 with Windows Mobile 7 application.   According to the reports by WM Experts, Microsoft plans to launch two versions of Windows Mobile 7, reportedly named as Windows Phone Seven Business Edition (BE) and Windows Phone Seven Media Edition (ME).
The Business edition (BE), as it is named, will obviously be targeted at the business user and would be OEM friendly by being easily customizable. It will feature advanced syncing capabilities and will provide multiple user access.
The Media Edition(ME) will be where all the technological breakthroughs and a very similar UI change will take place. It is likely to feature HD video, Mediaroom, XBox Live, Zune integration, TV streaming, support for Silverlight and other social networking sites.  
Windows Mobile 7 will no doubt be a demanding Operating System and the phones that will run on it are expected to feature high-end hardware. 
Two phones that have already been rumoured to support Windows Mobile 7 OS are the LG Apollo and the HTC Obsession. The former is expected to be announced later this year and might just turn out to be the first Windows Mobile 7 based phone. Its likely specifications are:-
A 3.8-inch capacitive AMOLED multitouch display with WXGA resolution (1280 x 720 pixels)
CDMA / EV-DO and GSM / HSDPA connectivity
Wi-Fi
Qualcomm CPU at 1.3GHz
1GB of RAM, 1GB of ROM
10MP autofocus camera with flash and HD 720p video recording
Dimensions of 115 x 57.5 x 11.2 inches

As for the HTC Obsession, this will be enhanced version of HTC HD2 and is likely to feature the SENSE UI. It is likely to feature following specifications : 
A 3.7 inch capacitive AMOLED multitouch display
HSDPA
Wi-Fi
5MP autofocus camera with flash and HD video recording
Qualcomm CPU at 1GHz
512MB RAM, 512MB ROM
4GB of internal memory