To me the detail that doesn't ring true is that HP would sell Palm at a substantial loss. Last I heard, people thought HP could at least recoup the purchase price (or more) based on the "value" of Palm's patents alone. I suppose HP could be selling Palm with only patent licenses (instead of the patents themselves), but that seems like a strange thing to do on both sides.

If HP were being clever, I could see them leaking their discussions with Amazon right now (when Amazon is on everyone's mind) as a way to motivate the "real" buyer (presumably Google or Apple). But I don't give HP credit for being that clever.