The Spanish site Todo Pocket PC is reporting that HP is preparing to unveil its first Windows Mobile 5.0 iPAQ. The rx1950 and rx1955 will be powered by the Samsung S3C2442 300 MHz processor and will come with 64 MB ROM and 32 MB SDRAM. It will sport a 3.5-inch QVGA device (240 x320), an SDIO slot, 802.11b WiFi and a replaceable 1100 mAh lithium-ion battery.
There are no details as to where it could be released and at what price.
If this turns out to be more than a rumour, this new model will probably replace current lower end models.
Update: Todo Pocket PC has posted some pictures.