Yessir!  That was the rumor, anyway, according to a Business Week article last week.

And that rumor was confirmed.

Check out the press conference announcement here.

I'll add a link to the artlcles when they're available.

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UPDATE:

Palm and Microsoft Join to Bring the Palm Experience to Windows Mobile; Verizon Wireless First to Market with New Treo Smartphone

September 26, 2005
Strategic alliance to accelerate the Smartphone market segment with a new device for mobile professionals and businesses.
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