Palm Folds Foleo

I just read that Palm has closed the idea of Palm Foleo. I don’t know the entire story around this device but it seemed to be filling a particularly empty void in the mobile market. I guess I just couldn’t see myself using this with my phone instead of wi-fi. Why not just release an ultra-slim sub-$200 device with a full qwerty that connects to wifi and can do the basics? Why not a OLPC laptop for business that doesn’t look like kermit the frogs laptop?