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Another iPod Killer?

iPod Shuffle killer, that is.
With Motorola announcing their iTunes-compatible phone, any interest in the iPod shuffle I might have had is now gone. With 512 megs of mp3's, iTunes, a 1 megapixel camera, streaming media, VGA video conferencing and Bluetooth, this is *close* to the all-in-one that I've been waiting for. What it lacks is an easy-to-use PDA capability and a slightly better (3+ megapixels) camera, and it would replace at least 4 gadgets, my phone, PalmPilot, iPod and point-n-shoot camera.
Attention PalmOne: You have a slight window of opportunity here. Don't blow it.

“Another iPod Killer?”