Actually, the EM500 is very good for games. You can buy them for cheap, but they are high quality devices, with the best looking display and the best buttons around. Sure, 16 MB stinks, but you of course have an SD slot. You can also overclock them to 180 MHz no problem. 200 MHz is possible as well. Sure, this is not quite as good as a StrongARM (because of crappy compiler support), but it is one of the best gaming devices out there (subject to opinion and argument, of course). MIPS games are still coming out and plenty of emulators are available. My friend bought one for like ~$167 new off of ebay. He broke the touchscreen, but he paid me $20~$30 (to my dad) to order a replacement screen. Meanwhile, I overclocked it for him. Now, it's faster than ever. The em500 is pretty slim and cool-looking as well.
If you want a quality gaming device but aren't worried about having bleeding-edge high-end stuff, the em500 is a pretty good choice.
Die, Palm, Die. If that offended you, then get rid of your Palm OS device.