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Place the porcini in a small bowl and add 1/2 cup warm water. Allow to soak 45 minutes. Drain, reserving the liquid.
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Heat a large frying pan. Add the oil and shallots and saute a minute. Add the fresh mushrooms and saute until tender.
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Chop the porcini coarsely and add to the frying pan along with the reserved liquid. Simmer until most of the liquid is evaporated.
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Bring a large pot of water to boil along with a pinch of salt.
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In a separate bowl whip the cream until it holds soft peaks. Refrigerate the whipped cream until the pasta is cooked.
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Cook the pasta in the boiling water until al dente. Drain well.
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Return the drained pasta to the pot and add the mushroom mixture, cheese, whipped cream and salt and pepper to taste.
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Using a large spatula fold all the ingredients together. Do this quickly, yet carefully, so the whipped cream doesn't collapse entirely.
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Note: this looks beautiful with a dollop of the whipped cream on top of the pasta as a garnish.