Palm's "new category of mobile device," a laptop?

Palm has been ramping up for this announcement for a while now, but if initial reports offer any indication, it looks like the company's posturing about "a new category of mobile device" as of late has now deflated: Palm CEO Jeff Hawkins unveiled the Palm Foleo: a so-called "smartphone companion." Apparently, the Foleo is a subnotebook-sized gadget that syncs with a Palm device via Bluetooth, providing a 10-inch display and full-size keyboard (read: a hardware add-on that makes your mobile phone less mobile). According to the press release, the Foleo will feature instant-on access, five hours of battery life, will run Palm's new Linux-based smartphone OS and will retail for $500.

For more on the Palm Foleo:
- see this press release

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