Yeah, WP7 needs Snapdragon, so it just have the N9 case, it will be a different beast inside.

And like I said in another thread:

Elop is a dick. He couldn't stand people praising MeeGo over WP7, what would make his strategy sink, so less than 2 days after the N9 was announced, he's trying to kill it saying that this is the last MeeGo device and showing off an unfinished WP7 device to generate buzz.