Palm OS is getting livelier by the year. There's a number of younger folks getting into it, with some creating new apps, and it's been ported to new hardware.
My guess is that as time goes on, more development knowledge will be captured/OCRed into machine-searchable archives that will help the beginners. Using emulated/virtual development tool chains is also a lot less resource-intensive, and will help newcomers who don't know how to set these things up on their own.