Palm! Put a Phone in the LifeDrive.

[GreenHex]

Then, you can update the hardware a bit (like bluetooth).

And you'll be almost there.

Finally, you can update the software, or maybe put WM in it.
(yeah, and don't bother with Linux, that is getting kind-of stale)

 

[bclinger#IM]

You still have that lag due to disk drive start up/search. Ben

 

[Hanuman]

You still have that lag due to disk drive start up/search. Ben

They should replace the hard-drive with flash memory -8gb would be great. Then it could be thinner too.

 

[Tastypeppers]

Then they should legs on it and call it a horse.