Palm’s web site is featuring details on the newly announced Centro. It looks like a sweet little bargain-priced smart phone. Given that it will cost $99 (the same as Palm’s basic Palm Z22 organizer, which offers far less in the way of features) this phone should do pretty well. Palm could certainly use a hit right now, but hopefully they’ll continue to work hard on a much-needed OS refresh and hardware redesign for users who want a higher-end phone.

Update: CrunchGear reports that the Centro is powered by a 312MHz Intel XScale processor and features Palm OS 5.4.9 — info missing from a lot of the hands-on reporting so far. The Intel cpu should handle video well enough, something I was curious about.

And Sprint has thrown up a Centro teaser page, complete with lame flash interface and annoying custom mouse pointer.