That's a palm in name alone. The heart and soul of palm now belongs to LG and Qualcomm. It always irritated me how Palm and webos were killed off by bad management and groupthink. They really drove a lot of innovation that eventually found it's way to Android and iOS. tile based application management... Integrated messaging... Over the air updating... I was browsing the internet on html5 long before it was widely adopted.
Well...I can't solely blame bad management and group think. Part of what defined their ethos was a minimalist architecture, and that ethos diverged with what the market wanted. What made them great at delivering your most important stuff on a long lived mobile appliance made them inferior at running processor-heavy User experiences. Suddenly the market was ok with the notion of jacking into your USB charger nightly, or even halfway through the day, which I'm sure made Jeff Hawkins eyes roll. The market went high power.
But this new concept... It's a niche play. It's a souped up smart watch... Without a wrist strap. I do prefer small phones though.