Google has released a new Google Maps software native to Windows Mobile 2003 and 5.0 based devices. Like the Palm version of the software, with this version you can find businesses and see real-time traffic updates on your mobile device, along with unique features like contacts integration, GPS support, draggable maps, and tap and hold menus.

Features include:

Easily movable maps- The interactive maps let you zoom in or out, and move in all directions so you can orient yourself visually.
Satellite imagery
Detailed directions

Via Google Blog

Download the CAB file here