Hands on with Microsoft's Internet of Things platform | CITEworld
How Microsoft thinks of wearables and smart devices | CITEworld
CPU Intel has put into the Quark system-on-a-chip (SoC) on the Galileo boards, which doesn't have the full set of instructions you'd need to run full .NET
("Quark" is "sub-Atom" :)
The potential for DIY experimenting is there, but world needs more integrated (higher abstraction level) gadgets, something like "iPod+iTunes of IoT".