Stephen Elop announced almost everything that I wrote in my prediction. I guess the signs were in the air so well that even an amateur blogger like myself could make a good guess.
Now, are these news good for Nokia (Nokia adopting Windows Phone 7, etc.)? In my opinion it depends on one thing: you guessed it, execution! If Nokia will be able to produce great Windows Phone devices, that people like and want to buy, relatively soon, then I think Nokia should be allright. However the longer it takes, the more difficult it will be to make a come back.
It looks like Meego is put on some sort of research project status. It would require another change in Nokia’s strategy that we would see more Meego devices than the one Nokia has promised to ship this year. One question though, why to launch even one Meego device?