@Pantaloons: Right on all counts. One clarification: .NET Native and MDIL are orthogonal. MDIL was used in Triton to split NGen into conceptually two pieces: the optimized part (in the Windows Phone Store) and the part bound on the customer's device to the installed Framework.
.NET Native produces completely native binaries. MDIL/Triton produces NGen binaries that still need a runtime and, occasionally, a JIT.
