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While the 515 was pretty much panned as overpriced and under powered to compete with the HP, Sony's, and Ipaqs - the new 130 looks to make for a real contender.
The 130 is a full color Palm that is selling for $279 on the street. That puts it as about the cheapest full color pda you can buy. It runs the newest Palm v4.1 os with 8meg of memory.
Palm m130 Review [webmasterworld.com]
Yikes! I'd love to get wireles email on my PDA, and the i705 would actually make me consider defecting from my Handspring Visor Edge to a Palm on it's form-factor, but up here in Interior Alaska, wireless access is something you take out a second mortgage for (palm.net isn't available), and I just can't see paying much money for internet access on such a tiny screen....
Don't even know if it's usable with non-palm.net wireless internet either.