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What would you get if you merged Palm's 2005 LifeDrive, with it's 480x320 touch screen, 4GB storage, and WiFi, together into a 2005 Treo 650, with its smartphone capabilities, and then ran it all on a Linux-based OS? Something an awful lot like an iPhone, I'd say.
Palm had all the pieces to make a iPhone rival 2 years ago. And they still can do so today, if they can see their way through to take the leap, rather than just making the cautious baby steps they have been taking with the Treo over the last three years. Apple upped the ante for everyone in the "smartphone" game with the iPhone. Palm has the cards to play, if only they can put them all together correctly.