I think I understand your point, but I respectfully submit that it's a bit of a stretch to turn identity theft into something like "computer identity theft". The arguments being presented by you and others boil down to an assertion that Palm behaved fraudulently by emulating Apple's USB device IDs.
But while I think it's useful to talk about defrauding other humans, it makes no sense to me to to talk about a computer defrauding another computer, at least, not yet :-D. This is where the analogy breaks down, in my opinion, and why I don't have any moral problems with what Palm is doing. A far closer analogy would be Compaq's emulation of the original PC BIOS.
I don't think anyone is asserting that Palm is intending to trick reasonable humans into thinking that their Pre is actually an iPod device. Everyone realizes that they are offering an iPod compatible device. To achieve this end, they are having their device "defraud" another computer. I'm okay with this. At worst, they have perhaps violated their licensing agreement with the USB Implementers forum. If so, this could be remedied by removing the USB logo from the Pre, and then even this argument dissolves.
Would you find some random guy using you SSN (or equivalent if you are not from US) obectionable?