They've been dropping inventory, and have had phone call in only for a while now despite only recently posting that message. Considering the number of sites that have been dropping like flies, I wouldn't be surprised if they just faded away. It's too bad too. As we've been discussing in a moderator thread, there are a lot of tech sites being driven out of business by Amazon and the Egg. Unfortunately, they don't carry what most of these smaller sites carry, so it's going to be harder and harder to find things that are not high volume sellers.
First they drove the smaller brick and mortar retailers out of business, and now they're working quickly to do the same to the rest of the small online retailers. They just can't compete on volume items, and they can't make enough money on the infrequent one here and one there items. You had to know this day was coming clear back when the original geeks.com went under.