The long-awaited iPAQ hx4700 Windows Mobile 5.0 upgrade looks like it will be released on March 1st (This date is for Europe). It will be available in English, French, German, Italian and Spanish (You must order the uprade in the same language as is preinstalled on your iPAQ Pocket PC).
In the United Kingdom, the upgrade will cost £26.00 (excl. VAT & Shipping). In countries where the currency is the Euro, the cost will be €39.
I expect that we will see a similar announcement for North America fairly shortly.