The bug was reported in May.
http://bugzilla.opennetcf.com/show_bug.cgi?id=376
Perhaps a nice work around will be to make use of the PocketOutlook Attachment class.
This will allow the following code to work
Microsoft.WindowsMobile.PocketOutlook.Attachment att = new Microsoft.WindowsMobile.PocketOutlook.Attachment(@"\test.txt");
msg.Attachments.Add((OpenNETCF.Net.Mail.Attachment) (att));
Dunno how possible this is. Becoming rather urgent on this.