Sprint and Palm have announced exclusive new colors for the Centro smartphone for Sprint. The device will be available in olive green and vibrant rose colors. Palm says the device also offers twice the storage capacity and new applications like Facebook for Palm and Google Maps.

The Centro also gets cheaper with a new price of $79.99 after $100 mail-in rebate with a 2-year agreement. In addition to new colors, palm has introduced new accessories for the Centro including a Centro Side Case made from leather, Centro Leather Flip Case, and Vehicle Power Adapter. The new colors will be available on November 2nd in Sprint Stores.

“We’re seeing fashion designers gravitate toward olive and rose tones, as forecasted in the PANTONE Fashion Color Reports for Fall 2008 and Spring 2009,” said Leatrice Eiseman, executive director of the Pantone Color Institute®. “Olive green and Vibrant rose are both strong fashion colors, offering a sense of sophistication and elegance. These hues are classic colors, with the longevity to translate from season to season.”

Via Sprint