So I removed the 800mhz kernel, rebooted, ran cat /proc/cpuinfo and was confirmed back at 500mhz. Upgraded from 1.4 to 1.4.1.1 last night and was about to put the 800mhz kernel back in when i decided to check cpu speed first. To my surprise it now reads 600 (597.68). Sounds like Palm gave us a little more with this update.