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I have a 300mhz Axim, and I have had no problems playing games, listening to music, or watching videos (as long as they were properly encoded). When I notice any slow down in performance it is never anything that cannot be fixed with a soft-reset.
Of course I'm in Canada so the difference in price between the basic and the advanced Axims is much larger than it is in the States, so I could not afford to get the advanced. If I were in the States I almost certainly would have bought the advanced one, even if only for the expanded built-in memory.
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