Thanks to DAB-embedded, we now have a better answer to the question "Does it run Windows?" Yes it does!
Check out this Windows CE boot up video from DAB-embedded (he also had a brilliant post about a USB workaround on this forum!). The amazing thing is that this was done completely independently by dab-embedded.com. I had no idea:-)
http://youtu.be/Ase3hqVeCVM
Enjoy,
Andreas