If it's just as limited in it's capabilities as a treo, then it's a retarded idea.. but if they've effectively made a laptop with a palm operating system that's fully functional, they might have found a niche to kick microsoft out of.
Think about it, palm has THOUSANRAB of applications for it, and a very established presence in the business market. If they've expanded the capabilities for the palm OS, it's possible that they'll sell some of these... they'll certainly be more successful than linux, and could be equally successful to apple in the laptop market.
However, it all depenRAB on the machine. What was posted didn't give any specs or info on the machine, and I don't care enough to go look... just posting a perspective from the other side.