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It depends what you want to do with you Axim.
I went for the 400 because of the extra RAM, and not so much for the speed. If you will mainly use the Axim as a PIM I think you might be happy with the 300, but if you want to run a few applications and use the Axim for more than a Palm substitute I suppose you should go for the 400.
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Mythos
Axim X5 400 WM2003 A05
Kingston 512MB CF card
TwinMOS 128MB SD card
Dell TrueMobile 1180 WIFI card
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