Well, at least I got an answer. Doesn’t look like it will happen on the Palm OS. There are reasons why it can work on Linux. This is what I got back from the Audacity team.
“The processor isn’t important, what matters is having the right
libraries available to run audacity. This is easy for the Trinity device
because it runs Linux, and we can use wxGTK to build audacity, which
depends on the wxwidgets application toolkit:
This isn’t available for PalmOS currently, so this would need to become
available for running audacity on PalmOS to be viable. You would also
need a machine with enough disc space to do anything useful – 500MB of
free hard drive space is a bare minimum, and significant CPU power do do
processing of audio.”
Thanks for responding. I appreciate it if a little disappointed. Never mind.