Well, PalmOne has announced the Tungsten T5. Here’s a quick summary, compared to the Tungsten T3:

• 16 MHz faster (400 vs 416)
• Includes 160 MB of usable flash without a SD card (worth around $30 or so)
• Automatically backs itself up on power failure (BackupBuddy VFS works for me, $15)
• No slider, so the T5 is slightly larger.
• Still no WiFi (although Palm’s WiFi SD card works)
• Same OS

That’s pretty much it. It’s amazing what Palm can do with a year’s worth of R&D, isn’t it.

The only good news out of this whole debacle is that we have an official release date for the Treo 650: October 25th.