Oh yeah! Definitely!  I was trying to calculate how much money I would have to spend on this and compare it to what my laptop can now do.  I believe that an expansion sleeve comes with the iPaq already.  However, it is only for the Compact Flash cards.  In order to use a PCMCIA card with it you will either have to buy a combo PCMCIA-Compact Flash expansion sleeve or a separate PCMCIA expansion sleeve.  The PCMCIA expansion sleeve alone costs over $100.

So, getting the performance I would like to get from the iPaq would probably cost me an extra $300+.  Making the total of the whole thing to about $700+.  Compare that to what I got my laptop for ($705 off of Ebay), I think I can see where I can get the best bang for my buck.  Granted that my laptop isn't the fastest (P3 650 MHz w/ 256 MB RAM, 12 GB HD, DVD, CD-RW modules, etc), it can act as my desktop away from home.

Let's see if someone does get my x-mas wishlist and recognize that I have been a good boy this year...hehehe!  Here's to wishful thinking.  ;D