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This thing is like carrying around a desktop that weighs a few ounces
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I agree with Quinn, except it's a long way from a desktop. (After all, it does cost about 1/10 of a laptop.) And it's not quite Star Trek either. Some people have been able to use a PPC to replace laptops, but it depends on what you are doing. I think some times we get a little over-enthusiastic about how great the Ax is. Then other people who don't know what earlier PPCs were like get the wrong idea, their expectations are just above what any device could possibly do (today), and they get disapointed.
No matter what device you buy, the whole technology of pocket devices has grown trememdously ove the last few years.
Somebody else made the best PPC - Palm comarison. The Palm is a programmable database. the PPC is a general purpose computer. That's why the PPCs, such as the Axim, can do so much more than the Palm.(Sorry not to give you credit -- my memory is so bad! Feel free to jump in and take credit.)
Neither device can replace a laptop except in the most limited conditions.