Palm Cans Foleo (For Now)

We just got word that the controversial Palm Foleo has been canceled "in its current configuration."

I know, I know, you're terribly upset, all five of you who defended the offbeat mobile companion when it was introduced last May. In a message on the official Palm blog, Palm CEO Ed Colligan wrote:

In the course of the past several months, it has become clear that the right path for Palm is to offer a single, consistent user experience around this new platform design and a single focus for our platform development efforts. To that end, and after careful deliberation, I have decided to cancel the Foleo mobile companion product in its current configuration.

In case you are worried about the Windows Mobile platform, Colligan did mention something:

We will, of course, continue to develop products in partnership with Microsoft on the Windows Mobile platform, but from our internal platform development perspective, we will focus on only one.

The point is, the company will focus on the new Palm OS—as seen in recent leaks—and Colligan acknowledges that killing the Foleo program means that the company takes a $10 million hit.

As much as I personally looked forward to test-driving one, we applaud Palm's courage in making this tough decision. But no, you can't borrow 10 million dollars from us. [Official Palm Blog]