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It amazes me still that they could say they've built something from the ground up, and yet not have the imagination to come up with a single previously-unseen feature. But hey, people will always buy them, and act superior about their stupid consumer choices, because Apple fanboys have even less of a grip on reality than Justin Bieber fans.
There's a reason HP bought Palm, and a reason they're not talking about this device publicly. They'll quietly sell a decent number to businesses -- the form factor makes a lot of sense in the medical field especially. Doctors/hospitals can roll them out without having to build iPad apps from scratch, and they don't have to reinvent their security/authentication model to accommodate a new OS that doesn't play nice with Active Directory.
HP's biggest problem with this device will be convincing Microsoft to NOT advertise it. HP knows it's not an iPad competitor, but Microsoft won't have a viable consumer touch interface until Windows 8 (or Windows Phone 8) at the earliest.
HP's consumer slate will probably run webOS, and if that development runs into problems, it will be relatively easy for HP to make the same device run Android 3.0 (Gingerbread).
http://en.wikipedia.org/wiki/Maemo
http://moblin.org/
and whatevs