Palm Pre set to battle Apple's iPhone

There's a new kid in town, iPhone. It's the Palm Pre and it wants to fight.

There are many reviews of the Palm (PALM) Pre cell phone, which is being sold at Sprint (S) and Best Buy (BBY) as of June 6. Since I don't have a Pre to review, here's the bottom line from the reviews I've read: The Pre is in the same league as the iPhone.

If you haven't purchased an Apple (AAPL) iPhone because it doesn't have a keyboard or because you don't like AT&T's wireless service, the Pre may be for you. Although the keyboard is small and its battery life is short, the Pre is on par with the iPhone, whereas the touch-screen Blackberries, from Research in Motion (RIMM), and the Google (GOOG) Android phone are not.