Everyone needs to take a giant "Chill Pill"
It's been commented on in other posts already but please consider (assuming that HP management is not totally stupid):
1) Their chances of being successful with a Tablet that will make a dent in the market with NO SOFTWARE is slim to none. Apple had a huge iPhone base to leverage their iPad launch. A phone, while not a stand alone strategy, is a much easier market to make headway in than the nascent tablet market. There are lots of other tablets further along in development. And a WebOS printer... seriously? Is that going to drive anyone to pick an HP over any other brand. The one thing I don't like about HP (they do other things well) is their consumer printers that measure ink usage by the dollar
2) The Palm name as a brand is not the most important thing, nor is their existence as a stand alone company (US Robotics, 3Com anyone remember those?)
3) They have a phone brand that, while not selling as much as others has sold at least 1 million units, is on multiple carriers and overseas as well. Those relationships are important. They would be stupid to toss that aside. Even laptops and tablets are finding the most success when they have a relationship with a wireless carrier. Who still buys a standalone PDA?
4) It it widely agreed that the biggest problem with Palm brand is the quality of the hardware. Other than that, it has received much praise as a technically sound overall OS with MUCH potential
(trolls - I didn't say perfect, so stay under your bridge)Unless HP has more money and ego than common sense; why would they punt that away and start from scratch? And again, does it really matter if it has the same name as their previous product.
5) The smartphone 'wars' are far from over. Almost all experts say that the vast majority of phones are yet to be sold. About 18 months ago, it was all iPhone, now suddenly everyone is calling Android the heir apparent. Palm has a tremendous amount of critical acclaim, it would not be hard to turn that into increased sales. (Better hardware and better marketing would easily do it)
All of this being said, there is no guarantee that HP will have the wisdom that seems to be common sense to everyone else. It's a common human fault to sometimes do things the hard way just to say you've done it your way. When you are successful you are lauded as a genius. But more often than not it just ends badly. I hope that will not be the case here.