Palm Foleo is no smartphone, PDA

Remember about the 3rd device that Palm is rumored to release? Here’s more information on it – the device has been given the codename “Foleo” by Palm, and it will not be a handheld. You can also rule the smartphone category out as well, since the Foleo will be classified as a “smartphone companion” of sorts. Some of the features to be expected include a full sized QWERTY keyboard, a large LCD display, and Bluetooth connectivity. The Foleo also holds the distinction of being the first device to run Palm’s homebrew Linux-based OS. The Foleo is tipped to be released this summer for $499.