And they've already announced plans to get rid of the HP Jornada series of PocketPCs, including a model which was a month from retail (i.e. already in production). That leaves basically only the Compaq iPaq as a competitor, confuses the marketplace, makes upgrading more interesting/difficult for former Jornada users, and is basically a blow struck for Palm in general. Plus last I checked Compaq is *still* losing money on the iPaq, just as HP was on the Jornada. There's just not much money to be made selling PocketPCs.
Thoughts like that help keep me warm at night. Which is good, since I sleep with the window open :-)