Like the HTC Panda/XDA Argon, the HP Ipaq 514 is getting some tough press due to it's unimaginative specification and it's bland nature.
The reality is that both devices aren't targeting the early adopter/techies but more the majority of business users who are looking for solid devices without all the flair. Take a look at the most popular business handset ever... the Nokia 6210 and 6310i
Over on Tracy and Matt's blog they've done a detailed review from a business perspective of the HP Ipaq 514 device.
It's worth a read especially as the 514 is currently under 150 pounds in price!!
You can read their review HERE