Palm, Microsoft and Verizon Wireless press event is going on right now in San Francisco.

The world is able to join via live video streams (Web Cast Details).

The web-cast is supposed to start in 5 min. I am watching it right now and will update this story as events unravel. Everybody is eager to see the official announcement of the Windows TREO.

Live Transcript:
Bill Gates and the CEOs of Palm and Verizon just took the stage.

3G (EV-DO) Palm Windows TREO!

Bill Gates goes on about every professional will have a mobile device connected to email - obviously! Bill got his Windows Treo this morning ;)

The new Windows TREO comes early next year. Here is the joint press-release.

Ok the demo of the Windows TREO is going on right now. The newness is gone of this story. The Windows TREO is a Windows Mobile 5.0 Smartphone within a TREO hardware.
Which is a great solid move for all involved companies. My take is that the Windows TREO will be a huge success and is able to declare war on the Blackberry.
Official Windows TREO photo below:



Palm is not releasing any details on the specification of the Windows TREO. It runs on an Intel processor. No information also on the pricing, only that it will be more expensive than current TREOs because of the EV-DO radio.

No official name is available for the Windows on TREO device. Rumors are though that it will be called TREO 700.

Palm also works with HTC, as every Windows Mobile device maker.

No international plans for the Windows Treo.