Is the Palm OS dead?

I've read all the stories today about ACCESS' announcement:
"that a logical end-of-life is expected for the Palm operating system (OS) and that the company anticipates being able to offer an integrated OS solution "sitting on top of a Linux kernel".
Notice that they are anticipating offering an integrated OS solution sitting on top of a Linux kernel. I don't see the Palm OS dying any time soon, it's used by far too many users to die. What I see in this announcement is the shift to a Palm GUI running on top of Linux. The Palm OS is just too familiar and inutitive that ACCESS would buy PalmSource only to kill off the Palm OS. We all know last year PalmSource announced that all their developing would be focused on Palm OS for Linux. Could the intergrated OS solution be Palm OS for Linux? Maybe ACCESS wants to drop the Palm name from the OS they own. We know that Palm paid 30 million dollars to get all rights to the Palm name, and that PalmSource would have to drop "Palm" in the future. Am I thinking rational, Or am I in denial? Leave me some comments, I enjoy reading what you think.