Is Microsoft 'On The Verge' of bringing the pocket computer to life?

Given today's announcement/confirmation of the shared Windows 8 core and Intel's recent dip into the mobile phone pond, will Microsoft consider releasing an x86 phone with Windows 8 Pro? With USB, Bluetooth and HDMI, this would be the magical computer-in-the-pocket a lot of people have been dreaming of.

It seems like a good fit for me. Thoughts?