Engadget has managed to get their hands on a fully functional Palm Treo 700w that runs Windows Mobile 5. The Treo 700w also includes EVDO, Bluetooth, megapixel camera and 64MB of memory.

Treo 700w left, Treo 650 right
It's hard to imagine this is a farce, everything looks very legit and Engadget isn't known for causing a stir, at least not by lying about new products. No word yet on availability, cost or carriers, but you can check out a few more images here.
Categorized as: Microsoft, Treo, EV-DO, Windows Mobile, Palm, Software, Bluetooth