Red Five Labs, a company based in South Africa has just released second beta of NET60. NET60 is actually Compact Framework for S60 (Series 60) platform of Symbian OS. It basically enables S60 mobile phones to run Compact Framework applications without any change required.
It offers interesting proposition for ISVs with primary skills in .net or windows mobile development as there are a hell lot of S60 devices out there including the popular N-Series from Nokia.
However they seem to support CF 1.0 only and CF 3.5 is already out so I think they are lagging behind there. In my opinion they should support atleast CF 2.0.
Credits: Thanks Abhijeet for telling me about NET60.