In case you missed the announcement earlier today… amidst the hubbub from Google (‘Gears’) and Microsoft (‘Surface’), Palm finally introduced the device so many have speculated about in recent months. As it turns out, this new device dubbed ‘Palm Folēo’ is a mobile companion not only for the Trēo smartphone, but other smartphones as well. It looks pretty sweet, and it runs Linux and offers a host of connectivity features. As a long-time Trēo user, this is one UMPC-like device I may actually invest in – especially given the announced un-UMPC-like price of $499 (after $100 rebate). Could this be the device that resuscitates the concept of a Personal Area Network?

The details of the announcement can be found over at MyTreo.net and the device itself is featured over at Palm.com along with a nifty Flash presentation from Jeff Hawkins.