The word on the street is that the Palm Centro will be released on October 14th at the price of $99 (expect it to be free with a service contract). The phone should be available via Sprint only and I can only assume that Sprint paid in part for the development of the Centro in exchange for a temporary exclusive deal.
Centro is the product name for a prototype codenamed Gryphon – a curious name for a low-end product. The rumor started when the site PhoneNews supposedly got its hand on a Sprint roadmap.
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[Source: Ubergizmo]
