Atleast in the UK. Engadget is reporting, on the basis of a leaked O2 memo that the company has managed to empty its inventory and is not going to replenish the stock as it has reached it’s end of life. The recent price cuts in the UK have no doubt a part to play in this, but sceptics and rumour mongers would definitely be linking this with the imminent launch of the second gen iPhone 3G with higher storage. Whatever be the reason, it can only be good for those in the market for a new iPhone. Wait and watch this space for more updates.