<p>What is the best way to start developing Windows Mobile Professional applications in Python? Is there a reasonable SDK including an emulator? Is it even possible without doing excessive amount of underlaying Windows API calls for UI for instance?</p>

Python CE
Python port for Windows CE (Pocket PC) devices. Intended to be as close to desktop version as possible (console, current directory support, testsuite passed).
(source:
sourceforge.net
)