It seems that palm has canceled the Foleo just a few weeks before its official release. This must have been a very hard decision, after building up all that expectation and being almost ready to ship the product.
I have personally owned Palm PDAs for the last few years. Let's say that overall it was a pleasing experience (including some killer-apps like Kanji Gym), although in terms of stability Palm was always a bit of a nuisance. Maybe the most amazing thing is that I never lost data during the countless soft-resets. Now if I think about it, syncing the Palm has become quite of an issue lately... .
Anyway, if they manage to focus all their efforts on finally releasing the next (hopefully more stable) PalmOS, this might eventually turn out to have been the right decision.