Palm today announced the much-rumored Treo 700p, a new CDMA Treo with Palm OS. The 700p is based on the same hardware as the 700w, including EV-DO high-speed data, a 1.3 megapixel camera, and Bluetooth. The key differences are Palm OS 5.4.9 instead of Windows Mobile, and a sharper 320 x 320 display (65,536 colors) like the Treo 650. The 700p also supports built-in streaming video, laptop tethering via Bluetooth or USB, support for Outlook, Yahoo!, AOL, and GMail email accounts, built-in support for Word, Excel, PowerPoint, and PDF files, and Mac compatibility.

The Palm Treo 700p measures 4.4" x 2.3" x 0.9" (111 mm x 58 mm x 22.5 mm) and weighs 6.4 ounces (180 g). Pricing will be announced by Sprint and Verizon Wireless later.

Update: Verizon's pricing is now out, and the company is charging the same price as Sprint for the new Palm-based smartphone: $400 (with a two-year contract, that is). Calling plans with unlimited data start at $80 a month, and if you want to use your Treo as an EV-DO modem with your laptop (which we suspect you just might), be prepared to add an extra $15 a month. And, no, it still doesn't have WiFi.