Video: Elop Shows Off Nokia’s First Windows Phone, Code Named Sea Ray

Nokia (NYSE: NOK) this week caused excitement and dismay in equal amounts when it showed off its first (and possibly only) MeeGo-based device, the N9. It’s beautiful, so why is Nokia doing something completely different with Microsoft? (NSDQ: MSFT) Well, today, a video has surfaced that appears to be Nokia’s response. It’s a “leaked” presentation by CEO Stephen Elop showing off the device maker’s much-anticipated first Windows Phone, code-named “Sea Ray”.

The video, posted on the blog Technet (in Hungarian) and then picked up by Engadget, is rather high quality for a stealth recording. It looks like it is of a presentation being made to Nokia employees this week.

“This is something that is super confidential and we do not want to see this out in the blogosphere,” Elop says, as he asks people to turn off their devices.

But in actual fact, his answers are very much to the questions that have been swirling around the blogosphere. “We think it’s important for you to understand how this innovation [from the N9] lives on and how well we as a company are executing,” he says.

He then proceeds to show the audience a device which he points out looks a lot like the N9 in terms of the screen and casing, except that it is running Windows Phone 7 “Mango,” and, unlike the N9, has a home key at the bottom (perhaps because of the constraints of Mango).

Elop says that the device shows how Nokia will carry on its legacy in both user experience and “beautiful” industrial design — which is to say that whatever you liked about the N9, you can expect to see in other new devices, regardless of the platform.

That’s a promising sign, if Nokia can follow through.

The video is embedded below, but as I wrote this post and watched it to pick up more details, I noticed the playback getting jumpier and jumpier, as Technet’s site might just be crashing under the weight of traffic to view it…