Store pickup isn't even available for Best Buy (120GB model)

Plenty of stock in my area. Don't think it is going out of stock anywhere around here.

While anecdotes of sold outs can't be taken as direct proof of anything in particular, it's better news than people saying the shelves are full and nothing's moving.

I haven't been to a game or electronics store for a couple of weeks. All I know is that the larger retailers who advertise a lot on TV are mostly advertising the PS3 in their list of great bargains (and at a lower than normal retail price) along with the normal things like digital cameras, TVs, iPods, cellphones etc etc.

One retailer is offering no deposit and no payments until April on all consoles (along with lots of other gadgets and gizmos) which is almost unheard of for consoles. Normally with no deposit + deferred payment/interest free deals the ads usually say "excludes gaming consoles and Apple computers"

There are no 120GB PS3s ANYWHERE at all

I just checked my local gamestop, and best buys, and online stores are sold out of it.

Sony is acting retardedly if they are undershipping, its seriously not going to help, sure some may lean towards the $349 250gb which is in stock everywhere, but others may not want to pay the extra $50

Not as simple as that. They underestimated demand. Problem is ps3's need to be shipped from China.