Update 1: You can now watch the full Palm CES keynote here.

Update 2: In an interview with Palm CEO Ed Colligan, he apparently mentioned to IDG that Palm will release the GSM version of the Palm Pre powered phone in the first half of 2009 along with the CDMA Sprint version.

I firstly reported on Dec 15 2008 that Palm was set to unveil its new OS at CES. Palm has in fact done just that. Check out the video of the new and seemingly impressive new Palm Pre OS below. No price or availability information was released. It is expected the first Palm Pre powered device will launch first in the U.S., likely on Sprint, for about $400 on a contract, or about $550 unlocked.The Palm stock was up almost 50% following the news. More Videos at YouTube

See here for more screenshots of the new Palm Pre WebOS