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Well, there's also the fact that almost everyone who wants/needs a handheld probably already has one. And face it - has there really been anything worth upgrading to recently? The TX is promising, but it's only been out less-than-a-month, not enough time for it's sales to (possibly) bring up Palm's handheld sales.
And the PPC side of things? They get a bit faster, a bit more memory, but they still have basically the same feature-set as they did a year, possibly two years ago. Where's the upgrade motivation?
Face it - innovation is starting to wear thin across the board...
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