Who said the Palm OS can't multitask? PDA Performance has come up with a pretty cool solution and it's called Saguaro.
"Enter the revolution of Saguaro®, the most modern desktop-centric design that revolves around the same world-class ease of use that you enjoy from your Palm every time you turn it on. Already three years in the making, it’s the new application platform that combines everything you know about your personal computer and love about your Palm into the most stunning mobile operating system, ever."
"Common knowledge is that if you want to do something on a mobile device, you’re going have to be somewhat devious. One application at a time means exiting out of open work (such as an e-mail you’re typing) to perform a quick task (finding a contact whose information you’d like to include in your e-mail). Tiny tasks don’t merit a screeching halt to whatever you’re doing, and neither should your productivity. At the heart of Saguaro® is a true multitasking kernel that allows multiple Saguaro-compatible applications to run simultaneously. And, it eliminates Palm OS limitations in the process, providing the most solid base upon which to build mobile software without breaking compatibility with your existing Palm OS applications. Saguaro® is the start of a revolution of mobile software, leaps and bounds ahead of anything else you’ve ever experienced on a mobile device."
I installed Saguaro on my Treo 700p and Treo 680 and am VERY impressed. There's only 2 widgets available right now, CNN and Weather. I took some screenshots to show you how it looks on a Treo.

For more information on Saguaro click here .
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