Hello,
I've seen the demo of Live Search for Mobile - http://mobile.search.live.com/about/browse/default.aspx. There is only support for Local Search, News and Maps and no Sponsored Sites section. Are you planning to include contextual advertising in the near future? Next version?
Personally, I'm working on the concept of a cell PC - http://geocities.com/gene_technics/ - and this concept has the mobile advertising strategy using the second display of the cell PC as an advertising channel. I would be glad to know your opinion about the concept.
Regards,
Michael Molin
GeneTechnics Company