Reproduction procedure is as follows.

1. Start a Visual Studio 2008.
2. Open "Qt Options" dialog from Qt5 menu on VS.
3. Setting default version for Qt/Win and Qt/WinCE.
4. Create new project from File menu, and select "Qt Windows CE Application".
5. Select CE SDK and then click Next button.
6. Select module and then click Next button.
7. Select Base class and then click Next button.
8. The Visual Studio will crash while crash dialog is displayed.

Contents of the Crash dialog is as follows.

Problem Event Name: APPCRASH
Application Name: devenv.exe
Application Version: 9.0.21022.8
Application Timestamp: 47317b3d
Fault Module Name: OLEAUT32.dll
Fault Module Version: 6.1.7601.17676
Fault Module Timestamp: 4e58702a
Exception Code: c0000005
Exception Offset: 00004660
OS Version: 6.1.7601.2.1.0.256.48
Locale ID: 1041

If only Qt for WinCE version is set and there is no Qt for Win defined, then error occurs: "Cannot find qmake. Make sure you have specified a Qt version". This happens when trying to Open Qt Project file.

Importing solution file works, then Qt project can be built with Qt for WinCE7