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While the news tried to show what looks like malicious intent (Everything is in the money) on the part of Palmsource, it should be pointed out that no money were paid for the acquisition. It's true that's shares were issued and that would dilute current stockholders holding, but it also add value to the company without any cashout.
Stock options issued to retain key execs are I believe industry-wide practice. if these key developers/execs were to resign immediately after merger, then the merger will be more complicated and some key company advantages (Secrets, codes, etc) might be lost.
Still, Palmsource still has to prove that creating a Palm OS layer on top of Linux will be viable. For some, this will split the company's already divided vision (Cobalt and Garnet) and complicate, if not muddy up the operating system. Only in time will this move be known whether it is a step forward or backward for the company and OS.
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