Finally palm (erstwhile palmone, which was palm earlier too) has introduced a new Treo smartphone running Windows Mobile 5.0
Its called treo 700 and not the treo 670 about which there was a rumor since a long time now. Microsoft’s official page for treo is at http://www.microsoft.com/windowsmobile/5/palm.mspx
You can view a webcast on that link.
Another interesting page with some pictures of new Treo 700 is: http://www.engadget.com/entry/1234000867059961/