The whole story is about rumours of Palm Australia positioning themselves as a potential takeover target. But The PDA Guy managed to have a chat with Geoff Anson, the Sales Director for Palm in Australia and New Zealand and cleared the topic.
Apparently Geoff suggested that "not only would the Treo 700 be in Australia in the second half of this year but that there might be other smartphone products coming as well. He wasn't specific but it would seem that Palm is looking to become and bigger and better company rather than setting itself up to be subsumed by someone else".
Well, they might be up to something. There are rumours in Europe and USA of new Palm Smartphones coming this year - Palm confirmed four models. Time will tell...