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HP’s plan to open source Palm’s webOS is on schedule: yesterday, the company released version 1.0 of Open webOS, which means that developers can now port the software to new devices.

As if on cue, the WebOS Ports team (which isn’t affiliated with HP), announced yesterday that they’ve ported Open webOS 1.0 to the Galaxy Nexus (see video below), the Verge reports. The team has been working on the port for two months, but there’s still plenty of work to be done. They’ve managed to get Open WebOS connected to Wi-Fi, but hardware acceleration and basic phone functions like texting still aren’t working.

HP released its first Open webOS beta to developers last month, and at the time the company boasted that it contained over 450,000 lines of code. Yesterday, HP revealed that it has built more than 75 Open webOS components over the past nine months. The company won’t be bringing the OS to other devices, but it did create a video showing how Open webOS can run on a TouchSmart all-in-one PC.

It’ll be interesting to see just how far developers can take Open webOS. In particular, existing webOS device owners may be interested in the update (HP isn’t officially updating older devices). But I suspect many webOS fans have given up on their Palm mobile dreams long ago.

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