I don't know why it happens but in the middle of a programming session even MonoDroid will show the click to activate when deploying to the device. I close VS 2010 and then reopen it, sometimes this alone fixes it. Today it happened again. I clicked the "click to activate" and then clicked the Close X on the top right of the activation dialog, I did not fill it out. It then refreshed the device list and I am back to registered (I hope) again.
Something is definitely wrong with the license system but hopefully this will help you restore back to activated state. Neal Culiner NC Software, Inc. http://nc-software.com/
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