Looks like the Palm Pre 2 is getting closer to a release. The new Palm Pre 2 looks just like the old one and supports multitasking, Flash, App stacks (allows opening of groups of apps), HTML5, etc,
From a hardware spec standpoint the Palm Pre 2 is similar to many other Smartphones in the market. You'll get a 1GHz CPU, 16GB of storage, and a 5-megapixel camera with LED Flash. The best part is that it will be available on the Verizon network.