We had already seen some iPhone price cuts overseas for what many felt was to help clear out the non-3G inventory of phones in Europe, but now it appears that O2 has complete run out of stock with the 8GB and 16GB iPhones. We’ve still seen no official word on the release date, price or specs of a 3G iPhone but we can’t imagine it could be far off now that the inventory in the UK is depleted.

O2

[Thanks, Tim]