Palm Mini-Pre Plans in the Works?

The Palm Inc. buzz-nugget known as the Palm Pre might be generating all kinds of excitement and speculation as to release date, but the vendor is reportedly also hard at work on its second act – a smaller version. Call it the Palm Pre Lite. Or as some say, the “Mini-Pre.”

TechCrunch on Thursday cited “one of [their] better sources” in claiming that Palm is actively working on a second Pre-ish handset to arrive as early as this fall. The idea is to offer something to a “different part of the market” than the full-featured Pre. A more consumer-ish device, perhaps?

The rumor hits just as similar rumors swirl that Apple Inc. and Verizon Wireless are planning an “iPhone Lite.” Seems as though the iPhone and the Pre are facing each other down even in the rumor mill.

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