Yeah, yeah, *everything* cell phone is being compared to iPhone. And it'll be like that. For awhile.

According to Palm's Press Release:

"Jeff Hawkins, founder of Palm, Inc. (Nasdaq:PALM), will host a live video webcast on Wed., May 30, to describe a new category of mobile device. The webcast will follow the announcement of this new product at the D: All Things Digital conference in Carlsbad, Calif."

The webcast kicks off at 11:30 am Pacific Time on Wed. the 30th. Speculation about the device has been centering around some sort of Linux-based handheld, possibly an UMPC (ultra mobile personal computer) type of device like the HTC Athena.

Press Release: http://investor.palm.com/releaseDetail.cfm?ReleaseID=246144