Palm OS emulation coming to the Pre and webOS?

Dedicated Palm OS users, it looks like your long, solitary walk through this world might not end in tragedy or violence. According to Dieter over at PreCentral, during a new video demo of the company's forthcoming phone, an icon of what appears to be an older Palm device with the label "Classic" below it can be seen within the webOS launcher. Since we know they've got a forthcoming announcement today at the Web 2.0 Expo -- and we can be pretty sure Palm won't be dropping price or release date information without Sprint around -- it looks like this might be what all the fuss is about: support for legacy Palm OS apps in the new operating system. Of course, right now this is speculation mixed with hopefulness, but we should know in a few hours when Palm's SVP of application software and services Mike Abbott gives a keynote at the conference. Until then, just hold tight.