I turned off backup, and it got rid of the freezing problem.
However, literally the next day, I tried signing into my new HP Veer with my Pre2 Palm Profile. Bad idea, it logged my Pre2 out, forcing a restart. I logged the Veer into a new profile, hoping it would undo the problem. Unfortunately, the only way I could get into my Pre2 at that point was by entering developer mode (##DEVMODE# on CDMA phones) but found that my apps were all missing. My memos and calendar were still present. I went online to Palm chat support, they told me there was no data on the server (obviously, since disabling Backup deletes online data).
Somehow, the lady told me to go ahead and do an 'Erase Apps and Data', assuring me that she had worked some magic and that my apps, memos, etc would be restored.
My apps were restored, but my memos were LOST! Thankfully, Save/Restore restored my pages and icon locations, but I had to re-enter all my accounts. I didn't mind losing my contacts and calendars (they all live in gmail anyway). But, my memos and tasks were irrevocably lost.
So, warning, if you're going to disable backup (and we don't really have a choice, do we?) until Palm/HP figures this out, make sure you have a way to recover everything you might lose.
Save/Restore for settings, launcher pages and icon locations.
Export your Palm profile contacts to a gmail account.
Notes! for memos (backs up to Google Docs)
Preware Saved Package List (saved in Save/Restore) for Homebrew installations.
What have I missed? I don't have a cloud solution for tasks, so recommendations are appreciated!
FYI: each Palm Profile can have one phone and one Touchpad, according to Rod, so it must be true!