While the collective attention of the world seems to be focused on the forthcoming Apple iPhone 2.0, rumors of Palm's latest Treo, the 800W are flying high.

According to our sources, the unit is set to come equipped with a 333mhz TI processor (yet unspecified) while running Windows Mobile 6.1 as opposed to an updated version of their typically well renowned Palm OS Software.

As for features, the 800W should come equipped with a 2.0 megapixel camera with resolution of 1600×1200 and automatic light balance, Wi-Fi, Bluetooth, IR, 320×320 pixel touch sensitive LCD screen, a built-in QWERTY keyboard plus a 5-way navigator, backlight for low lighting conditions. It is expected to offer a personal speakerphone, microUSB port, external antenna port, microphone mute option, 3-way calling, HAC compatibility, and a microSD/SDHC expansion slot.

At present the Palm Treo 800W is speculated for a July release (Sprint) before it's Verizon debut by the Fall. Prices are expected around $250 with contract.