Can I debug on device using eVC4 & WM5 device?

Having installed eVC4 and all the required sp4, SDK for WM2003 2nd ed etc I find that I can build & download but not debug.
As you may know the WM5 sdk is apparently for VS2005 only. The install won't run without VS2005 & I can't find any success story of someone hacking the SDK & getting it working with eVC4.
I have the VS2005 beta but don't want to go that way as I would be forced to buy VS2005 at UK prices when available. As I understand it it's going to be possible to buy a C# (maybe C++) only version of VS but even so it will be pricey.
Any advice on how to work using eVC4 would be appreciated. I am beginning to worry that this is the end of cheap PocketPC development
PS: I realised I could poke around in the SDK by extracting the contents with 'msiexec /a sdkname.....'
I assume that cleverer people than me will be able to use the emulator images etc.
see this site where I found the extract info
As you may know the WM5 sdk is apparently for VS2005 only. The install won't run without VS2005 & I can't find any success story of someone hacking the SDK & getting it working with eVC4.
I have the VS2005 beta but don't want to go that way as I would be forced to buy VS2005 at UK prices when available. As I understand it it's going to be possible to buy a C# (maybe C++) only version of VS but even so it will be pricey.
Any advice on how to work using eVC4 would be appreciated. I am beginning to worry that this is the end of cheap PocketPC development

PS: I realised I could poke around in the SDK by extracting the contents with 'msiexec /a sdkname.....'
I assume that cleverer people than me will be able to use the emulator images etc.
see this site where I found the extract info