Although it said this day wouldn’t come, Palm has officially announced the cancellation of the Foleo. The Linux-based pseudo laptop was facing criticism from all angles and eventually the company couldn’t justify its release.
Palm CEO Ed Colligan broke the news on Palm’s official blog late on Tuesday after the close of the stock market. Previous reports had suggested a delay in its release, but Colligan has instead cancelled the project.
The Foleo was a cross between a full-featured notebook and the Treo. Ever since its announcement at D: All Things Digital, its viability had been questioned. But Palm maintained that the Foleo would be a groundbreaking device.
[Source]