After many long months of speculation, Palm’s Tungsten line of handhelds has finally debuted. The Tungsten T slides open to reveal the graffiti area, and is just 4-inches long when closed. Has a 320×320 pixel, 65,000 color display, integrated Bluetooth, 16MB of RAM, and runs the braand new Palm OS 5.0. The only problem is the price: $499. With a $199 Pocket PC on the way from Dell, Palm is going to have to find a way to drop that price quickly.