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The Axim Basic I received from Dell is using the PXA255 processor. I think all the units they are shipping have the newer processor. My understanding is the bus for the Axims run at 100mhz regardless of model. This can be changed with overclocking software.
I've heard people running Snails very well on the Basic version. I just tried playing a movie yesterday and it ran smoothly with Pocket MVP for 2003.
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