Cheap Windows Mobile phone? Why not?

I was wondering why all Windows Mobile phones seem to be fully functional computers when I think many people will be very happy with "basic" smartphones.

What I like the most about Windows Mobile phones*is the seamless integration with Outlook (all other phones I tried in the past would not synchronize very well and would screw up my*contacts, calendar,*and so on).

What I mean is a phone that does:
- basic phone functions with decent quality speakers
- synchronize contacts seamlessly and allows to search contact from any field (also "company")
- synchronize calendar and tasks with Outlook (read only would be fine, writing calendar entries with the tiny keyboard of my HTC is very painful)
- Hotmail Live, Gmail, Yahoo mail available (so will need WiFi)
- A decent calculator and currency converter
- Has at least a handful of languages available for T9 in SMS (if you leave in Europe you will find yourself sending messages in more than one language very often).

I am not saying more functional devices are useless, but this is what I am looking for and have never been able to find.