There have been rumors about a new Linux-based revamp of the Palm OS, possibly code named Nova, floating around for some time now. You would think that with all the bad things happening to Palm lately rumors of a new OS would be a positive thing.

Well leave it to Palm to put bad spin on that too. Engadget Mobile is reporting that Palm doesn’t plan to have Palm OS II devices out until early 2009. This right, the one glimmer of light that could possibly better the companies position in the wireless market is over a year away.

If Palm really wanted to right the ship they needed to release this new OS about 6 months ago. With it coming out over a year from now, not only have they missed the boat, but the lake that boat sailed on has completely dried up.