Wow. Just 3 months after Palm announced their "amazing" new product, the Foleo (my thoughts on it here), they canceled it! Supposedly, it was almost ready to ship, but ultimately they decided it was too much of a distraction from their core business (smart phones). Many would argue that they aren't doing so well in their core business to begin with, and that this is a good move. I would have to agree.
This is a response I posted on Palminfocenter: Thoughts on Palm and Pocket PC Competition to an article, How the Pocket PC beat the Palm, and explains my thoughts on why Palm is losing the battle. (I'm not sure why this guy brings the iPod into the debate, it doesn't really have any relevance).
This being a Palm OS focused site, the will be a hard pill to swallow for many on here, but the article is completely right. Let me say, I have been a Palm advocate since the Palm III days, and have recommended them with fervor to everyone I know. I learned how to program them and wrote some applications. I was also very active on the developer mailing lists for a few years, and my name is even in one of the "Palm OS Programming" books.