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Excellent wording Surur. As sad as that sounds, I guess that really is the basic idea.
The big question is whether this is a transitional lull on the way to something great and popular, or if it's too little too late. Fortunately, a lot of times when it seems like technology will pass you by, it turns out that the best solution wins, even if it seems a little late. So I still think PalmSource has a great shot at making it work.
Unfortunately, I think the market they can win in is primarily the feature phone market, not smartphones and traditional handhelds which I would prefer to see them pursue heartily.
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