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Update: Palm has removed from its Web site the Treo 700p ROM update for Sprint customers it posted on Monday.

The reason: According to a posting on Palm's blog, there have been isolated reports of an installation issue that causes the device to continuously reset when applying the software update.

Palm is looking into the issue and hopes to get the update back up as soon as possible. When that might be, Loeffler doesn't say.

If you installed the ROM update and are experiencing problems, call Palm at 866-750-7256 for help.

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Users have reported a number of bugs and performance issues concerning Palm's Treo 700p since its release a year ago. The long-awaited ROM update to address these issues is now available, but only for one carrier, Sprint.

"We don't have a specific date for when the 700p MR [maintenance release] will be available for Verizon Wireless users at this time," Palms' Paul Loeffler states in a posting on the company's blog. So, it appears, the version of the ROM update for Verizon subscribers, not to mention other operators, will continue to missing in action for the foreseeable future.

The likely culprit for the continued delay of the Treo 700p ROM update for Verizon users is a wait for carrier approval. Once Palm finishes getting one of these ready, the mobile operator(s) that offer the device must run its own tests before giving the okay for the ROM upgrade's distribution to customers.

Here's the full list of enhancements in the Treo 700p ROM upgrade:

Performance improvements to phone application

System improvements to minimize skipping during music playback and eliminate audio delays experienced on some games

Performance improvement to minimize delays experienced when loading BlazerŪ browser

Support for new daylight savings time legislation, plus a simplified Date/Time preference panel

Increased expansion card support including 4GB SD cards and SDHC cards

Resolution of certain "wake up" issues that may occur with certain third party push email solutions

Improved handling of SMS messages to lessen stalling of messages.

For customers using Microsoft Exchange Server 2003 with SP 2 and above, an update to VersaMail client now includes an update to Microsof Exchange ActiveSync which adds Microsoft's Direct Push Technology for push email, calendar and contacts. Also adding other EAS functionality such as remote wipe, policy support, and global address lookup

Bluetooth wireless enhancements:

Increases list of supported/compatible Bluetooth wireless carkits, including BMW and Toyota/Lexus (Denso)

Improves overall user experience with supported Bluetooth wireless carkits and headsets (e.g. allow user to manually connect / disconnect to a Bluetooth device)

Additional Bluetooth wireless functionality (e.g. audio routing to Bluetooth headset even when wired headset is plugged in)

You can download the ROM upgrade for Sprint's edition of the Treo 700p here.