Kevin Remde's IT Pro Weblog
I just received an email from one of my event attendees asking me for a pointer to where they can download those cool Windows Mobile device emulators.
They are included with the SDKs for the version of Windows Mobile you’re interested in. The most recent version is Windows Mobile 5. The SDK (including the emulators) is FOUND HERE.
And within the online SDK documentation, here is the section on the Device Emulator.