Come on, admit it -- the iPhone's far from perfect. Given the slew of recent problems the technology has endured lately, it's no wonder the competition is looking to retaliate. Competition like Palm Inc., which is releasing a second Treo to face-off against the smart phones iPhone and Blackberry and to boost itself up from four straight quarters of slumping profits. Some of its strengths include its small size and strong battery life, according to Palm's product marketing manager John Walker. It also weighs as much as the new Blackberry Bold and is equipped with a touch screen.

The new Treo is being pitched towards business professionals and will be available in the U.K. starting next month.