The power of Windows Mobile is not what is included, it's the ability to customize and tweak. I don't think I had to tell you all that though. Anyhow, one thing we can all agree on is that PIE is a little old and tired. No flash support, etc... There is a new mobile browser in public demo for Windows Mobile now. It's called Skyfire. Check out the video demo...
For more info and to download, check out Skyfire.com