Good luck palm!
I used palm's pdas for many years, and in their prime they made superbly good devices.
When I came to replace my last one, a great little T3 that was on it's last legs after 4 years odd of loyal duty, it seemed like the devices hadn't moved forward much if at all, and the software hadn't been updated. It seems they really screwed up their software strategy, and lost the way a little on hardware over the years.
I picked up a first gen iphone instead, and it's given me the same warm glow of quality hardware + software that palm used to. It works the way a phone/pda should do, rather than like a desktop cramped into a case that's too small the way windows mobile does. Plus the updates seem to improve it regularly.
I'd love to see palm back on form, and I'll seriously consider a pre instead of an iphone next. It'll have to have a good sdk + supported app store though, as I'm doing iphone development lately. Either way, apple need some stiff competition.