Palm CEO Ed Colligan has officially let the cat out of the bag. Speaking at an investor conference, Ed Colligan finally gave the official word that Palm will not release any more Palm OS based products. This announcement was not a surprise, but was expected at some point.

Colligan said, "we will transition to WebOS as our core operating system and will continue to support Windows Mobile products for the enterprise market."

He also went on to say that Palm wants to focus on "fewer really innovative breakthrough products" in order to innovate better.