According to various sources the new low-cost HP iPAQ is set to hit store shelves in time for the holiday buying season. The lower priced iPAQ is part of a large trend among Pocket PC manufacturers to attack market leader Palm and the traditional low cost PDA.

Details about the new iPAQ - including the model number are scarce. All we have right now is speculation and the promise that the device will ship within the $200-$400 price range.