Nokia announces Microsoft partnership and strategy

Stephen Elop today announced the long rumored partnership with Microsoft.
They plan on devices at some point in the future to be running Window Phone OS while retaining some Symbian and some Nokia properties (such as Ovi Maps) along side their Microsoft based portfolio.
You can see the press release with ful details here:
Nokia and Microsoft announce plans for a broad strategic partnership to build a new global ecosystem

Nokia outlines new strategy, introduces new leadership, operational structure