In summary, it doesn't work.
The problems I've seen are with the RC version of VS2010, hopefully some of these might be fixed in the RTM version, otherwise I guess a patch for .NET MF will be required.
Install Device Solutions SDK for the Meridian/P
Try to install .NET Micro Framework v4 – this fails as it requires Document Explorer 2008.
Install .NET Micro Framework v4
Once you've got that lot installed you can happily build and debug Micro Framework projects in VS2008:
However whilst creating a new MF Console application in VS2010 appears to work initially you get a load of broken references and the framework is missing:
When you try and build the project MSBuild crashes.
The missing references and MSBuild crash are because of a missing target in the .csproj file. If you add in <Target Name=”SplitProjectReferencesByType” /> and reload the project then the references appear correctly:
However the framework is still missing and the project wont compile:
Unfortunately as yet I have no idea how to get a v4 Micro Framework project working in VS2010, so for now stick to VS2008 folks.