Within just a few hours of going up, the Palm App Catalog has been shutdown due to a rather huge flaw in the purchase verification system.  Seem that someone figured out a way to setup dummy apps, with the same name as a legit app, and then use the App Catalog to get a free “update” of the application.

Supposedly they’ll have the catalog back online by tomorrow morning — I pity the developers that’ll be pulling an all nigher to make sure that happens … just before they head of for the local unemployment office for letting it happen in the first place.