Citing an anonymous source, Brighthand is reporting that Foleo, Palm's first product in a new line of devices called Mobile Companions, will ship on August 22nd.

Palm plans to offer a $100 rebate off the $600 price tag, apparently in the hope of making the laptop-like device more palatable to consumers. You can sign up to be notified of Foleo's availably here.

The 2.5-pound Foleo is targeted at those who don't require the full power of a laptop, but would still like a large screen (10-inch) and full keyboard when reading, editing and responding to e-mail, including attachments, and accessing the Web than is possible through a smartphone directly.

It stays synchronized via Bluetooth wireless technology and uses the smartphone's radio or the Foleo's built-in Wi-Fi radio for general Internet connectivity.

Bundled applications will include e-mail, full-screen web browser (from Opera, based on Opera 9), and editors or viewers for common business documents such as Word, Excel, PowerPoint and PDF files.

A number of third-parties have signed up to develop additional applications for Foleo. See articles below for details.