Have you installed the Visual Studio Beta 2, and then the Windows Mobile 5.0 SDKs, and yet when you try to create a project for the Pocket PC or Smartphone, nothing happens?
Here's how to avoid that happening: when installing Visual Studio, make sure you install all the languages and not just C#, for example.
If you have already installed Visual Studio (and maybe left out C++) and it's not working, here's a fix as described by Scot Smith:
The issue is likely that the template zip files didn’t get copied properly on install. You can manually fix this by doing the following:
Make sure there is a ppc and an sp folder under
C:\Program Files\Microsoft Visual Studio 8\Common7\ide\projecttemplates\CSharp\SmartDevice
C:\Program Files\Microsoft Visual Studio 8\Common7\ide\projecttemplates\VisualBasic\SmartDevice
If not, then copy the respective files from:
C:\Program Files\Microsoft Visual Studio 8\SmartDevices\Projects\ProjectTemplates\CSharp\SmartDevice
C:\Program Files\Microsoft Visual Studio 8\SmartDevices\Projects\ProjectTemplates\VisualBasic\SmartDevice
Then, from a VS command shell off the start menu, run: