It looks like Microsoft has finally realized the importance of applications and its direct impact on the sales of the OS. It’s simple maths: More number of app results to more number people interested in your device, thus more number of sales.

For this, Microsoft is trying to attract developers to build apps for the Windows Phone 7 platform.   Microsoft is now running a contest asking for users to pitch in ideas for a app. And if your idea receives highest number of votes, Microsoft might just develop your app. But that’s not all!! You also have a chance to win $5,000 grand prize.

To participate just follow this link. Hurry up cause the contest ends on July 8, 2010.