Will the next Palm OS be Linux?

1src.com has a list of some of the interesting things that Palm may have cooking. The most interesting is that Palm may be getting ready to change the Palm operating system over to a Linux based system.

we have everything but the cocktail napkin that was used to outline Palm’s Linux based operating system that I’ve started calling “Palm OS II” until the real name is announced. Yes, this new version of Palm OS will have nothing to do with the version of ALP that ACCESS/PalmSource is working on. I also expect that this new version of Palm OS will also be multitasking, have a real file system, be able to run the thousands of the existing Palm OS Garnet applications, and will have support for multiple wireless radios for use in future Treo smartphones. As both a fan of Palm and a Palm OS device enthusiast I’m really looking forward to this new version of the Palm OS. The majority of Palm’s engineers are software engineers. They are also the company that pioneered the modern handheld market. This means that they are uniquely positioned to deliver an OS that is up to the task of powering the next generation of exciting mobile solutions.

I wonder if I can hold off buying a new Palm until this new operating system is available….