Here is a subject every one is talking about Simon Sabin http://sqljunkies.com/WebLog/simons/archive/2006/4/10.aspx has mentioned it.  He has a link to Steve who has created a great Q&A about it http://blogs.msdn.com/stevelasker/ . 

At the moment some of the details have not been finalized.  But the Q&A shows what our thoughts are we are actively looking for feedback.. 

SQL Everywhere is not a new product but is the SQL Mobile edition product with the limitation to the mobile platform removed.  There should be a CTP released in the summer 06 with a final release in the second half of 06.  This was announced by Paul Flessner in his letter http://www.microsoft.com/sql/letter.mspx