Here's what the press release has to say about Live Search:
Live Search for Windows Mobile with voice input. The updated Live Search for Windows Mobile® 5.0 and 6.0 will be available for download for free on Tuesday, Oct. 16, and now includes voice input (beta version), gas prices, and hours of operation for businesses. The service can also use Global Positioning System (GPS) data on GPS-enabled phones to provide location-aware local search for customers.
Yeah, that's right. Instead of having to type out all those business listings and locations with your thumbs on your tiny phone keypads, now you can simply enter text into Live Search on your phone using speech recognition technologies developed right here at Microsoft!!
If a picture is worth a thousand words, then a movie must be worth, what? A million words? OK ... Maybe not. But ... At any rate, you should check out this video (~2 minutes) I just uploaded of Live Search for Windows Mobile devices in all it's glory -- Now with Speech Recognition!!
You could also try out this longer video (~8 minutes) if you want to see even more of the cool new features...
If you have a Windows Mobile 5 or Windows Mobile 6 phone, download the app, and start talking your way to finding businesses and addresses.