Palm CEO Ed Colligan has confirmed the new Palm OS won't be finished until the end of 2008. Originally scheduled for release by the end of this year, the operating system's launch date has continued to be pushed back, despite the added attention of the engineers freed up by the scrapping of Foleo last month. The new OS will allow Palm to release a whole range of products, including something similar to the ill-fated Foleo. Development is, apparently, progressing 'as well as possibly could be expected'.

Source: OSNews.com

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