I was asked recently how to configure the Smartphone (excuse me Windows Mobile Standard) device in the emulator to access network resources. Since there doesn’t appear to be any clear step-by-step directions on this, I will outline the necessary steps here.
First, begin by launching Visual Studio and create or open a SmartClient (SmartPhone) project and set the target platform to Windows Mobile 5.0 SmartPhone SDK. In Visual Studio, select Tools | Connect to Device…

From the emulator window select File | Configure…, then select the network tab. Select the Enable NE2000 PCMCIA network adapter and bind to: checkbox and select the Connected Network Card option or the specific network adapter in use by your workstation and click OK…

Using the device emulator, select [Start] | 9 (Device Setting) | 6 (Connections) | 5 (Proxy) | 1 (Add). Set the description value to the workstation name, set the Connects from field to “Work” and the Connects to field to “Internet” and select [Done] (leave the other fields to the default values). Select [Done] until returning to the Connections menu.

From the Connections menu, select [Menu] | 1 (Advanced) and make sure all setting are set to “Automatic”, then select [Menu] | 1 (Options) and scroll down to the “My desktop connects to:” setting and change it to “The Interenet”. Note: if you only want to test services that are available on your workstation then this value should be set to “Work”. Select [Done] until you return to the Start menu. Then select Internet Explorer to test internet browsing.

That’s all there is to it! Of course, your could also cradle the emulator using Device Emulator Manager to connect via ActiveSync.