Okay, so thanks everyone for the quick and nice answers. Although I've found my own solution yours may be as valid as mine.
Basically what I didn't tell you (because I didn't really know it either) is that I didn't actually need to emulate the OS, I only needed to work with the framework. I found the best way to "emulate" such situation here.
Also, I found that the easiest way to deploy the application to the device is to use ActiveSync and I found just the right (MSDN) article for it.
Ctacke: It's probably due to my only learning this type of development, I somehow made an error while creating/installing "my own SDK" so the Visual Studio stopped functioning properly. But of course some digging made that go away. Thanks anyway. I liked the idea of developing with a testing device, unfortunately the company I work for already picked a device but they couldn't issue me a prototype for development purposes yet.
Frans, I haven't found your CE simulator, but I'm pretty sure that I didn't look for it enough so thanks.