HP is pulling another PSG and is saying it doesn't know what it's going to do with the group. According to The Verge, Meg Whitman, CEO said during the meeting that "It's really important to me to make the right decision, not the fast decision."
"If HP decides to do this [to keep webOS], we're going to do it in a very significant way over a multi year period," she said. Whitman also added that the decision would come in three to four weeks, true to HP form. She went on to say that HP needed to decide if they had the money to invest in WebOS long term, or if "there's another way to create that ecosystem."
It looks like it may be too late, though. The damage has been done to the platform. Developers have moved in hoards (a large amount of them to Windows Phone after Microsoft offered them free phones and training) and the TouchPad is considered dead. HP is floundering, and we are beginning to wonder if it might be too late to save themselves.