This may be a question of semantics, but bear in mind that at the present time KTM and ACM are considered part of Wave's ETS portfolio, or will be when officially released.
I would expect any licensing of ETS to MSFT would be for "basic" ETS only, like the Intel bundling for example.
I do think that if MSFT licenses basic ETS for Windows XP, that it would be an incredible marketing tool for ETS Premium Services.
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