Palm's Treo devices have not been that successful, but Palm is trying to survive, and with the Palm Pre I'd say the company will be revived. Palm Pre is the first Palm device that runs on its own Operating System, WebOS. As stated by Palm executives, the main selling point would be the fast Web browsing and efficient multitasking. Also, Pre is the first smartphone with TI’s latest processor — “laptop-like performance.” So here's a summary of what the Pre is packed with:
Gorgeous 3.1-inch display (320×480 lcd with multitouch gesture area under the screen)
8gb of storage
3 MP camera with flash
GPS navigational capabilities
Wi-Fi networking (802.11b/g)
slide-out keyboard
multi-touch display
USB Mass storage support
3.5 mm jack
Bluetooth stereo (A2DP)
Motion gesture
Variety of sensors (Accelerometer, proximity, ambient light)
EV-DO Rev
All basic navigation is gestures — flick, tap, swipe, no buttons cluttering up the screen
Touchstone (wireless inductive charging base)
“Our intention was never to build an iPhone killer but to build a killer Palm product,” Mr. Rubinstein said in an interview. He said he felt Palm had been fighting an uphill battle with outdated devices and software, and was doing so no longer. "The Pre allows us to get back in the game,” he said.
Source: NYTimes
pics of the Palm Pre:










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