Does LifeDrive Fit The Bill?

I am looking into purchasing a Pda and the new Palm Lifedrive is the model that has caught my eye. With the space on the HD I would want the PDA to function as a news display (via RSS feed - can you recommend software), ebook reader, music player as well as daily planner.

I have seen speculation that the Lifedrive would also be a candidate for a daily video subscription feed. Is it powerful enough to meet the criteria required for such multi-media entertainment?

Ideas and feedback would be much appreciated.