The V in Dell's Axim X50v and X51v PDAs has always stood for VGA. But the Dell Axim X101v will be the first machine to completely blur the lines between a PDA and a full fledged computer.

Sure, the OQO and Sony's UX series cram a full computer into a small form factor. But Dell has managed to fit a fully operational Vista system into the same form factor as its successful line of Windows Mobile devices.

"We considered releasing a Smartphone like everybody else," said Michael Dell, "but that market is already saturated. Next we looked at the current state of UMPCs. They have short battery life, cost too much, and don't fit in your pocket. Working with HTC, we've created the first instant-on, instant-off Vista machine that runs for 28 hours on a single 1100mAh battery."

The Axim X101v should set you back about $399. It's set to ship on June 11th. In order to give Apple's iPhone a run for its money, Dell is bundling Skype with the X101v. You'll still need a wireless connection to make SkypeOut calls, but Dell is expected to announce partnerships with wireless carriers for discount data plans soon.

Asked whether the company planned to issue a Windows Mobile 6 update for existing Axim owners, Dell replied "no."

Microsoft announced today that it has acquired a majority stake in pharmaceutical company GlaxoSmithKline.

Microsoft CEO Steve Ballmer said at a press conference, "This is adding true and immediate value for our shareholders."

"Windows Vista is the #1 source of indigestion for IT professionals world wide, the addition of the #1 producer of over the counter antacids seemed a natural fit to Microsoft's current business model," added Microsoft's energetic leader.

Shares of MSFT were up 15% on the news, and analysts across the board came out in support of the announcement. "It's a solid move that should drive tremendous profits for MSFT in 3rd and 4th quarter '07 as IT professionals everywhere attempt in vein to assimilate Windows Vista into their organizations"

Lawrence Lessig, best known for his work promoting his Creative Commons foundation, announced today that he will join the Board of Directors of the Recording Industry Association of America. "We're pleased to welcome Professor Lessig into our cabal, er, uh, association" said RIAA head Cary Sherman.

Lessig also announced that the Creative Commons 4.0 family of licenses will include a new license type. Dubbed "Attribution Non-Commercial Share-and-get-Sued You-Little-Punks", the new license will allow full adoption of the Creative Commons by RIAA labels.