Notable in today's annoucements was the fact that the Palm name is completely absent with respect to the WebOS product. I think "Palm" is now dead.
I thought they did a pretty good job of promoting the Pre, including generating hype with the media. In my mind, what killed the Pre was it's build quality and feel compared to the competition. Given HP's shaky reputation for hardware quality, I'm not so sure they are going to help in that respect. (That said, I just bought a new HP AirPrint printer, and I'm quite impressed)