Except if physical size matters, I would always choose a Nokia 770. The hardware is in almost all aspects much better than the SIMpad -- which is not surprising since the SIMpad design is over 5 years old.
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Interesting thoughts, and that was the same for me until a few days ago...
After I learned about the SIMpad, I understood that, even if older, the Siemens has a bigger screen, a better battery life and moderate expandibility given the PCMCIA slot..
Moreover I have read that the Nokia is considerably slow, for example when reading PDF and that is more true when scrolling the screen to view a bit more complex documents... But I have never read issues on slow pdfs reading in the older SIMpad's reviews.... even if it is old and had more time for testing and reviewing...
Finally, considering that 5 years have passed, the hardware differences are not so HUGE (Wifi apart) between the two models... It seems to me that the SIMPAD was very cleverly thought of and produced with better quality components without any compromise for the period...
If Only I could understand how to have support, using familiar linux as OS, for WPA and a bit of security in browsing, I really would choose the SIMpad over the Nokia, without any esitation....