It would be an interesting match. Dell is already selling the Treo Pro, and increasing the partnership might bring about one of my favorite memories from the Axim days; customization of your tech purchase.
Image changing the pipeline to ordering what features are added to the phone:
Your changes to the Pre are:
16GB internal, you got it!
GSM antenna instead of CDMA, here you go!
2300Mhz Battery instead of 1150? Done!
Total price... $749 w/ 2yr contract
(Sighs as my wife would look at me like I've lost my mind once again