8GB iPhone gone for good?

Perhaps not the biggest shock in the world, but the recent price drop in the UK has proved rather popular. So much so that O2 appear to have sold out of their stock, with no replenishment to come.
Engadget have got their hands on an internal memo stating that :
“Due to the highly successful sales of the Apple 8GB I-Phone [sic], supply chain have today run out of stock & will not be replenishing stock of this product as it has now gone to end of life.”
It seems the Touch will also not be getting replenished, so perhaps we’re going to see a capacity bump for the range too.
Why oh why was the iPhone not originally priced around the £200 point? Only Apple/)2 can tell us.
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