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Well, everything I've heard is that PalmSource's intention is to run Cobalt on top of Linux. They may have decided that Cobalt it ready to do this and now they need to focus on the underlying OS.
We don't need to get into the too little, too late discussion, but they also have left it no secret that they are focusing on the mobile phone market, so it remains to be seen if we will ever see a non-cellular PalmOS PDA running on anything but the cludge we now know as Garnet.
I recently purchased a LifeDrive to check out how things now work in the Palm world. The clean unit without ANY external software installed has reset itself 4 times for no apparent reason in about 3 days of use. There are obvious issues with how PalmOne tried to "enhance" the OS. Resets are especially painful as they take a couple of minutes to complete.
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