I'll go one step further though: I've been watching for the collision of tomorrow's smart phone with today's laptop. Toss in UMPCs like the OQO 02 that are nearly smartphone sized but run full-windows and one could even argue that the collision is right in front of us.
So let me get this straight: With smartphones arguably already consuming the PDA space, laptops shrinking, UMPCs getting to smartphone sized and smartphone's starting to tout laptop-like specs (a 2006 Treo 700wx sports 312 MHz processor, 64 MB built-in RAM, 128 MB Flash ROM, additional storage, etc.), Palm is introducing another class of device to meet what needs, exactly?
As a consumer I have a hard time imagining myself going to go look for a smartphone sidekick. I'm going to look for a smartphone that can cover 90% of the use-cases I'd use a laptop for, and then I'll go get a UMPC if I *really* need a smaller laptop. "Mobile Companion?" I don't think so.
Critical in Chicago...