I just registered for an account on the Windows Mobile Market Place. I went through the process about three times (I don't know what happened the first two times the reason it wasn't successful). But overall the process was easy.
What does one need to register? Well for me in the united states I had to have a live ID, a checking account to associate with the account, a credit card to put on the account for paying fees, and my social security number for tax reporting purpose. In addition to that I also had to enter all of the other information you would expect (address, e-mail address, phone number, company name, and web site).
So now that I've registered what do I have access to? As of yet, nothing interesting. But the application guidelines were available. I've printed them out and plan to talk about them in another post. If you are interested in registering you can do so here. Be sure to check out the guide: https://developer.windowsmobile.com/resources/en-US/Application%20Submission%20Guidelines.pdf
Source: Windows Mobile RSS (Reed and Steve Stuff)
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