In what could be one of the biggest moves the company has ever made, Palm has decided not to push through with its controversial Foleo mobile companion device. Despite the fact that they have already introduced it back in May, it will no longer go into full production. Ed Colligan, Palm CEO, left a message at their official blog stating the official discontinuation of the Foleo so that they can focus on delivering out the “next generation platform and the first smartphones that will carry this to the market.” However, the whole idea of the Foleo isn’t extinct yet as they also noted that a Foleo II based on the new platform is still part of their plan.

For those unaware of the Foleo, it was Palm’s perfect mobile companion to the Treo. Early specifications included Wifi and Bluetooth connectivity, and was expected to run on the Linux OS platform. It was said to provide fast, simple and intuitive navigation; instant on and off; and real-time synchronization with the paired smartphone. Priced at $499, it was either a very expensive accessory or a very lackluster laptop. Palm fanboys had mixed reactions when the Foleo was announced as some were looking forward to it, while others simply wanted something more substantial and worthy of their hard-earned money.

Well, Palm has finally laid this issue to rest with the abortion of the Foleo. May it rest in peace.