New Mac Palmtop on the Horizon?

I'm not one who usually traffics in rumors,
but this post over at O'Grady's Powerpage has piqued my interest. I remember debating purchasing Apple's emate 300 (pictured to the right), but instead opting for a Palm. Rumor has it that Apple is working on a new slick palmtop to go with its current trend of minis. The post goes on to note: "Sources who claim to have see one have commented to the PowerPage that an internal planning spec details that the new machines runs a stripped-down flavor of Mac OS X. We're told that it will finally utilize Apple's Inkwell technology to 'write anywhere' and neatly fold into your pocket."

I'm envisioning a little white plastic laptop a fourth the size of my 12-inch Powerbook.  I want it.  I
want it now.