I watched the CES video and I was impressed, I have had many Palms before I got the iPhone (I still have an old one). If it operates as advertised and has flash and allows multiple media formats I would get one in a heartbeat. The big drawback is Sprint/Nextel. I had Sprint before I got my iPhone and Sprint call coverage in my area really sucks! I will not go back to them; I hope Palm releases it to other carriers soon. And I hope Apple gets a clue and starts making the iPhone more compatible or they are going to lose out.
Yes, CDMA only initially. Expect a GSM version in Europe mid-late 2009. I think a GSM version will release in the US next January. That of course is a guess, but that's probably when Sprint's exclusive will end.