Read it as if he's evaluating the product on the merits, not as if he's predicting the market. The iPhone is going to crush this thing, but it's still a nice looking device.
I know, I'm just saying, sometimes features get pulled at the last minute on behest of the carrier or because they're not "stable" enough -- or cost. Until it ships, its hard to judge.
But competition is good, tho. I'm in favor of Palm kicking ass and taking names.