Windows Phone Developer Tools January Update

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Come and get it!

The new developer tools include updated reference assemblies, a new version of the Windows Phone OS emulator image, and several minor bug fixes. This update also replaces the October 2010 update, including all of the fixes from that patch. If you are building a new machine with a new developer environment, this version of the Windows Phone Developer Tools is all you need.

More info at the Windows Phone Developer Blog