Foleo has been cancelled!

A look at this article reveals Palm is canceling the Foleo. It has been awhile since I blog about Palm's intention to create a mobile companion device, the Foleo. But it seems Palm succumb to outside pressure about the relevance of their much hyped device. Engadget for their part has filed an appeal to Palm to reconsider axing the said project. Click here to read the very nice article engadget bloggers (don't know they could come up with originals, but it was good) throw at Palm.

With millions and millions of R&D money already spent in conceptualizing Foleo, I don't think Palm will just throw in the towel. I bet they will regroup and essentially (hopefully) create the Foleo as a real contender or if they don't Eee will eat their lunch.