It's pretty obvious that Palm's going to be debuting a new device at CES, seeing as they were the highlight of last year's event, but what is it going to be?
An updated Pre is the safe bet. I don't think they're going to let their brand go an entire year without a new high-end phone, and the Pre is getting a bit worn compared to the hype on the 3GS and the Droid (and Android as a whole). Palm has to pull out something big to wow people back into their camp.
Electronista also points out that this will be the first "major presentation" for CEO Jon Rubenstein since he became CEO.