Palm to Release WiMAX Phone, Its Shareholders from Debtors Prison?

Engadget is publishing rumor and innuendo regarding Palm’s efforts at creating an ultra-thin WiMAX phone that will run in the Sprint network. No other information, but this is valuable in that we’re definitely going to see a new breed of handset hit the streets in the next few months and if Palm doesn’t pull this off, they’re nigh on screwed.

What say ye? Can Palm save itself?

Palm to serve up “ultra thin” WiMAX smartphone this year? [Engadget]