According to Ubergizmo, i-Mate's working on a Palm Foleo-like UMPC/PDA device that has a 1024x768 display, a built-in keyboard, an 80 (!) hour battery, and a price point of only $300. However, this shell is just a "shell" (like its name), and uses one of i-Mate's Windows Mobile Ultimate smartphones as a base/processor. That makes sense with the VGA and XVGA display out on the phones, and is slightly more reasonable than what the Foleo was trying to do. [UberGizmo]
Those new I-Mate phones seem very nice and I'm a big fan of the modular approach. I was won over by the all-in-one solid state Raon Everun but would think something like this would serve all needs if only WM was truly a fully functional OS. But I've never tried to use WM with a physical interface that size so maybe it will end up giving a much more fully functional feel. After a year of HTC dishing up cool phone after cool phone it will be interesting to see if they can even up their game even more in the face of some innovative competition.