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Apple abandoned the Newton because it was John Sculley's baby and not Teh Steve's. Simple as that. A few years later they turned around and introduced the iPhone/iPod Touch PDA platform because it was Steve's idea.
If Steve wants it, he'll make Apple make it. Including a super-expensive OLED model is the sort of G4 Cube madness that sometimes pays off for Apple. It's all dependent on whether they can work out a subscription platform for it.
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