Thanks to the hard working folks over at xda-developers, I flashed my old CDMA HTC Touch that was running Windows Mobile 6.5 with a brand spanking new Android kernel.
How did they do it? Check it out they have easy to follow step-by-step instructions!
http://forum.xda-developers.com/forumdisplay.php?f=588
It works beautifully and is so fast compared to the old OS!